minority business summi power point champaign

Minority Business Summit

Hosted by State Senator Scott BennettGuest 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

• Status: Awaiting the governor’s signature• 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• Status: Awaiting the governor’s signature• 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

• Status: Awaiting the governor’s signature• 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

Documents