Illinois Bar Journal

Articles on Commerce and Economic Opportunity

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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