small business State Senator James F. Clayborne (D-Belleville) passed a measure through the Illinois Senate Wednesday which aims to increase the number of minority-owned, female-owned and veteran-owned enterprises Illinois companies contract with.

The measure, Senate Bill 262, would require Illinois companies to submit a report outlining their procurement goals and highlighting minority ownership of businesses they contract with.

“This measure is about ensuring corporations do not continue to overlook minority-owned businesses,” Clayborne said. “I want to ensure that companies are investing back into the communities they provide service. If a company is supplying services in a community like East Saint Louis, they should do everything they can to contract with businesses in that community.

“It is also important that these companies show every best effort to diversify who they contract with. I want to make sure minority-, female- and veteran-owned businesses have a fair chance in this business climate.”

If companies fail to report their efforts showing their diversity goals to the Illinois Commerce Commission and the Business Enterprise Council, they would be barred from bidding on state contracts for one year.

The legislation passed the Senate Wednesday and now goes to the House for consideration.

Category: Frontpage

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