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SB 3203 Illinois Senate · 104th Regular Session

$DCEO-GRANT-EMPLOYEE OWNERS

Summary
Appropriates $700,000 from the General Revenue Fund to the Department of Commerce and Economic Opportunity for a grant to the Illinois Center for Employee Ownership for the purpose of expanding education, outreach, and technical assistance related to employee ownership transitions and supporting small businesses in evaluating and pursuing succession through employee ownership. Effective July 1, 2026.
Issues: ✓ Budget & TaxesSupports Budget & TaxesAppropriates $700k from General Revenue Fund to fund employee ownership education and small business support, advancing state budget allocation for economic programs.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentFunds employee ownership education/support, promoting worker stake in businesses and job stability through technical assistance for small business transitions.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2026
Committee Review
Floor Vote
Governor
Introduced Feb 2, 2026 Last action Feb 2, 2026
Floor votes

How they voted

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Full legislative history

Actions timeline

Total actions
3
Key actions
0
Committee
1
Feb 2, 2026
Committee
Referred to Assignments
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Lakesia Collins
Lakesia Collins
DDemocratic
IL
5