Illinois HB3655 amends procurement rules to better support small businesses in securing state contracts.
HB3655 modifies the Illinois Procurement Code to enhance opportunities for small businesses in state contracts. It allows the chief procurement officer to set aside a fair proportion of contracts for small businesses, with specific limits on annual sales and employee counts varying by industry. The bill also mandates a scorecard for assessing bids from businesses with annual gross sales under $15 million. Additionally, it establishes a small business financing program to offer low-interest loans to small businesses securing state contracts.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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