Illinois Bar Journal

Articles on Commerce and Economic Opportunity

Business Interruption Grant Program implemented

April
2021
Illinois Law Update
, Page 18
The Department of Commerce and Economic Opportunity (DCEO) adopted a new Part titled Business Interruption Grant Program. The program offers financial support for businesses that have experienced exceptional losses or expenditures due to the COVID-19 pandemic.

New program directs distribution of CARES Act funds to local governments

April
2021
Illinois Law Update
, Page 18
The Department of Commerce and Economic Opportunity (DCEO) adopted a new Part titled Local Coronavirus Urgent Remediation Emergency (Local CURE) Support Program. The Part implements the Local CURE Support Program, which distributes federal relief funds from the CARES Act to units of local government.

Cannabis business assistance program

August
2020
Illinois Law Update
, Page 14
The Department of Commerce and Economic Opportunity adopted a rule implementing provisions of the Cannabis Regulation and Tax Act (410 ILCS 705).

Plan to help businesses located near bordering states become more competitive

December
2018
Illinois Law Update
, Page 14
The Illinois Home Grown Business Opportunity Act was passed with the goal of providing business and municipalities located geographically close to bordering states with resources to be more competitive with bordering states.

Amendment revamps Angel Investment Credit Program

November
2018
Illinois Law Update
, Page 18
The Department of Commerce and Economic Opportunity adopted amendments to the Angel Investment Credit Program (42 Ill. Adm. Code 5832 (effective Aug. 21, 2018)).

Entrepreneur Learner’s Permit pilot program created

August
2018
Illinois Law Update
, Page 16
This amendatory act establishes an Entrepreneur Learner's Permit pilot program that shall be administered by the Department of Commerce and Economic Opportunity.

Veteran-owned businesses now eligible for Rural Micro-Business Loan Program, dollar limits raised

June
2018
Illinois Law Update
, Page 16
Veteran-owned businesses are now eligible for certain business participation loans under the Illinois Small Business Development Program, as the Department of Commerce and Economic Opportunity ("DCEO") has implemented Public Act 100-377 (14 Ill. Adm. Code 570) (eff. Mar. 2, 2018).

New documentation requirements for money pool agreements

March
2018
Illinois Law Update
, Page 24
The Illinois Commerce Commission adopted new amendments requiring increased documentation relating to money pool agreements (Ill. Adm. Code 340.60) (eff. Dec. 15, 2017).

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