Illinois HB5283 amends the Illinois Procurement Code to redefine small businesses and adjust set-asides for procurement contracts.
HB5283 modifies the Illinois Procurement Code by redefining small businesses based on annual sales and employee numbers, differing by industry. It excludes retail, wholesale, and construction businesses with sales over $8 million, $13 million, and $14 million, respectively, and manufacturing businesses exceeding employee limits set by the U.S. Small Business Administration. The bill also mandates that small business specialists compile lists of potential contractors, assist in bidding procedures, and recommend simplifications to increase small business participation.
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