Minority Business Summi power point champaign

Minority Business Summit
Hosted by State Senator Scott Bennett
Guest Speakers State Senator Napoleon Harris
State Representative Carol Ammons
www.SenatorBennett.com

Senate Bill 688
• Synopsis: Requires universities to submit
reports on their disadvantaged business
procurement goals
• Status: Introduced in the house, awaiting
committee assignment.
• Purpose: To improve transparency and use
those numbers to spearhead initiatives to
increase participation in state contracts.

Senate Bill 115
• Synopsis: Gives a tax credit to employers for
hiring unemployed workers
• Status: Senate Revenue Committee on Tax
Credits
• Purpose: To reduce unemployment rates and
encourage employers to hire more

Senate Bill 677
• Synopsis: Requires public telecommunications
and cable utility carriers with at least 35,000
customers to report on minority contracting goals
• Status: In Assignments Committee awaiting
committee placement
• Purpose: To give stakeholders the opportunity to
see if the state is meeting minority procurement
goals to pinpoint deficiencies and address them

Senate Bill 691
• Synopsis: Requires health care facilities to submit
reports on their disadvantaged community
procurement goals
• Status: Awaiting the governor’s signature
• Purpose: To allow the public to know which
facilities are using Minority Business Enterprise
and Women Business Enterprise companies and
which are not, creating an opportunity to address
the lack of minority participation

Senate Bill 1334
• Synopsis: Requires each state agency and public
institution of higher education to adopt policies
to increase participation of disadvantaged
businesses in professional services contracts to
no less than 20 percent of all state contracts,
regardless of the source of funding
• Purpose: To increase participation of businesses
owned by MBEs in professional services contracts

Senate Bill 1395
• Synopsis: Requires the state to pay at least 90
percent of money owed to contractors and
subcontractors immediately
• Status: In Assignments Committee awaiting
committee placement
• Purpose: To pay contractors and
subcontractors in a timely fashion

Senate Bill 659
• Synopsis: Requires DCEO to create a business
licensing website
• Status: Passed the Senate and now awaiting
committee assignment in the House
• Purpose: To increase access to registration
materials, put registration online and make
the renewal process more efficient

Senate Bill 680
• Synopsis: Greatly reduces LLC filing fees
• Purpose: To ease the burden for new startups,
since Illinois’ LLC fees are currently among the
nation’s highest

House Bill 642
• Synopsis: Creates the Women’s Business
Ownership Council within the Department of
Commerce and Economic Opportunity to
review the status of women-owned
businesses statewide
• Purpose: To ensure women are given equal
business opportunities

Senator Napoleon Harris
Minority Business Legislative Agenda

Senate Bill 276
• Synopsis: Requires state agencies to hold pre-
bid conferences in the area where services are
being rendered
• Status: Legislation’s deadline extended and
awaiting committee assignment
• Purpose: To increase minority and small
business participation in state contracts by
allowing more local access and notice to those
vendors

House Bill 3497
• Synopsis: Lowers the threshold to bid on
projects, lowers capacity to allow more
contractors to compete for state projects
• Status: Legislation’s deadline extended and
waiting to be debated before the full Senate
• Purpose: To increase minority participation in
state construction contracts

Senate Bill 1939
• Synopsis: Creates a Minority Enterprise Small
Business Investment Program to assist
minority entrepreneurs in startups throughout
Illinois
• Status: This was initially legislation, but
Governor Rauner and I are working to develop
this program
• Purpose: To increase minority business
opportunities

House Bills
State Representative Carol Ammons

House Bill 3485
• Synopsis: Creates a task force to study the
participation of African-American-owned
businesses in state procurement and research
solutions and methods to address the
disparity in procurement awards.
• Status: Passed the House and awaiting
committee assignment in the Senate
• Purpose: To find ways to increase minority
participation in the procurement process

House Bill 2542
• Synopsis: Requires state banks and credit unions
to collect data (if they already do not) and report
on the number of applications received from and
loans given to women-owned businesses,
minority-owned businesses and small businesses
• Status: Legislation’s deadline extended to allow
further debate
• Purpose: To conclude if state banks and credit
unions are awarding loans and other financial
services to minority, women and small business
equitably

House Bill 2473
• Synopsis: Requires all insurance companies that
collect premiums greater than $1,000,000 to
report to the Director of Insurance their
procurement efforts with enterprises owned and
operated by minorities, women, service-disabled
veterans and persons with disabilities
• Status: Currently awaiting committee re-
assignment
• Purpose: To ensure minority business
participation goals are achieved in the insurance
industry

Question and Answer
If you have a question, please raise your
hand and a note card will be given to
you to write it down.
Raise your card, and someone will come
around to pick it up.

Minority Business Summi power point champaign

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