The Department of Commerce and Economic Opportunity adopted amendments to the Part titled Illinois Film Production Service Tax Credit Program, clarifying the amount of wages subject to, and increasing the amount of wages eligible for, the program.
The Department of Commerce and Economic Opportunity (DCEO) adopted a Part titled Broadband Grant Programs. The enacted rule establishes a process to award grants supporting broadband access to Illinois homes, businesses, and community anchor institutions in unserved or underserved areas; broadband innovation for economic development; and expanding broadband access or innovation in qualified Illinois cities.
The Department of Commerce and Economic Opportunity (DCEO) adopted amendments to the Part titled Back to Business Grant Program, adding the Startup Grants Program and the Reactivating Vacant and Mainstreet Places (REVAMP) programs to DCEO’s Back to Business grants.
The Illinois General Assembly amended the Invest in Illinois Act, altering permissions for designation and eliminating certain requirements for aspiring high-impact businesses.
The Illinois General Assembly enacted the Healthy Food Development Act. It allows the Department of Human Services to coordinate with the Department of Commerce and Economic Opportunity to create the Healthy Food Development Program.
The Department of Commerce and Economic Opportunity adopted amendments to the Local Coronavirus Urgent Remediation Emergency (or Local CURE) Support Program effective July 9, 2021, replacing emergency amendments that were effective Feb. 17, 2021.
The Department of Commerce and Economic Opportunity adopted amendments to the Illinois Film Production Services Tax Credit Program. The amendments attempt to close a loophole tax credit that exploited the requirement that productions shoot at least one day of principal photography in Illinois to receive the credit.
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.
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.
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.
The Department of Commerce and Economic Opportunity adopted amendments to the Angel Investment Credit Program (42 Ill. Adm. Code 5832 (effective Aug. 21, 2018)).
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 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).
