Illinois HB4912 appropriates $2,000,000 to expand Black Contractors, Owners, and Executives statewide.
Illinois HB4912 allocates $2,000,000 from the General Revenue Fund to the Department of Commerce and Economic Opportunity. This funding is designated for a grant to Black Contractors, Owners, and Executives, aimed at expanding their organization across the state. The goal is to support black business owners in growing their businesses. The act is set to take effect on July 1, 2026.
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