Illinois SB4032 allocates $2,000,000 to expand a grant program for black business owners.
Illinois SB4032 appropriates $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, aiming to expand their organization statewide. The goal is to assist black business owners in growing their businesses. The provisions of this bill become effective on July 1, 2026.
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