Sen. Laura Fine
Filed: 3/31/2021
 
 

 

 

 
10200SB1982sam001LRB102 11902 RJF 24533 a



1
AMENDMENT TO SENATE BILL 1982




2    AMENDMENT NO. ______. Amend Senate Bill 1982 by replacing 
3everything after the enacting clause with the following:

 
 
4    "Section 5. The Department of Commerce and Economic 
5Opportunity Law of the
Civil Administrative Code of Illinois 
6is amended  by adding Section 605-1055 as follows:
 
7    (20 ILCS 605/605-1055 new)
8    Sec. 605-1055. Coronavirus relief small business grants.
9    (a)   Of the federal funds received by the State for 
10purposes related to the COVID-19 public health emergency, 25% 
11of any such funds shall be allocated as grants to businesses 
12with 50 or fewer employees as provided under this Section.
13    (b)   Except as may otherwise be provided under subsection 
14(c), to be eligible for grants under this Section, a business 
15must employ 50 or fewer employees and must demonstrate at 
16least a 25% reduction in gross income from 2019 to 2020.
 
 
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1    (c)   Subject to appropriation, the Department shall award 
2grants to eligible businesses as follows:
3        (1) Grants in the amount of $10,000 to small 
4    businesses and non-profit organizations with 50 or fewer 
5    employees, having gross revenue over $100,000, that can 
6    demonstrate a 25% reduction in revenue between 2019 and 
7    2020.  Such businesses and non-profit organizations in 
8    disadvantaged communities shall receive an additional 
9    $2,500 in funding.
10        (2) Grants totaling 10% of the revenue loss sustained 
11    between 2019 and 2020 to eligible small businesses and 
12    non-profit organizations whose revenue did not exceed 
13    $100,000 in 2019. Such  businesses and non-profit 
14    organizations in disadvantaged communities shall receive 
15    grants totaling  12.5% of that lost revenue.
16        (3) Grants in the amount of $3,500 to small businesses 
17    and non-profit organizations that commenced operations in 
18    the 3rd and 4th quarter of 2019, and as such, are unable to 
19    demonstrate the requisite loss in revenue from 2019 to 
20    2020.  Such businesses and non-profit organizations in 
21    disadvantaged communities shall receive an additional $500 
22    in funding. To be eligible for a grant under this 
23    paragraph (3), a business or non-profit organization must 
24    establish that prior to March 2020 it met at least 3 of the 
25    following criteria: (i) an established website or social 
26    media presence; (ii) an established office space; (iii) an 
 
 
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1    established business banking account; (iv) at least 
2    $10,000 in revenue; and (v) at least one full-time 
3    employee.
4    (d)   The Department shall publish the names of the 
5businesses that are awarded grants under this Section on its 
6Internet website.
7    (e)   The Department shall adopt all rules necessary for the 
8implementation of this Section.".