Illinois Compiled Statutes 30 Finance: Article 11 -
- Illinois Build Illinois Act. - 30 ILCS 750, Section 11-1
Short Title. This Article shall be known and may be cited as the "Illinois Small Business Incubator Act". (Source: P.A. 84-109.)
- Illinois Build Illinois Act. - 30 ILCS 750, Section 11-2
Definitions. As used in this Article: (a) "Small business incubator" or "Incubator" means a property described in Sections 11-7 and 11-8. (b) "Community Advisory Board"...
- Illinois Build Illinois Act. - 30 ILCS 750, Section 11-3
Incubator Benefits. A small business incubator shall provide the following benefits to its tenants: (a) Physical space within the incubator; (b) Business and management...
- Illinois Build Illinois Act. - 30 ILCS 750, Section 11-4
Community Advisory Board. (a) A local governmental unit, non-profit organization or educational institution that desires to have an unoccupied or nearly unoccupied building or...
- Illinois Build Illinois Act. - 30 ILCS 750, Section 11-5
Board Duties. (a) Upon appointment, the Community Advisory Board shall: (l) Identify the property under consideration for designation as a small business incubator; (2)...
- Illinois Build Illinois Act. - 30 ILCS 750, Section 11-6
Feasibility Study and Petition. (a) After filing a notice with the Department pursuant to Section 11-5, the Community Advisory Board, with the advice of...
- Illinois Build Illinois Act. - 30 ILCS 750, Section 11-7
Government or Non-Profit Organization Sponsored Incubator. (a) In designating small business incubators sponsored by a unit of local government or non-profit organization, priority shall...
- Illinois Build Illinois Act. - 30 ILCS 750, Section 11-8
Educational Institution Sponsored Incubator. (a) In designating small business incubators sponsored by an educational institution, priority shall be given to those proposals the Department...
- Illinois Build Illinois Act. - 30 ILCS 750, Section 11-9
Department Decision. (a) The Department may designate unoccupied or nearly unoccupied properties as small business incubators for the purpose of encouraging and assisting the...
- Illinois Build Illinois Act. - 30 ILCS 750, Section 11-10
Community Funding. A local governmental unit, educational institution or other community organization, public or private, singly or cooperatively, shall participate in the initial funding...
- Illinois Build Illinois Act. - 30 ILCS 750, Section 11-11
Operation of the Incubator. (a) The sponsor of a small business incubator or its agent may hold title to the incubator facility or may...
- Illinois Build Illinois Act. - 30 ILCS 750, Section 11-12
Small Business Applications. When a building is designated as a small business incubator, the incubator sponsor may begin accepting applications from persons desiring to...
- Illinois Build Illinois Act. - 30 ILCS 750, Section 11-13
Evaluation of Applicants. (a) The incubator sponsor shall evaluate all applicants who want to start or expand a small business and to locate within...
- Illinois Build Illinois Act. - 30 ILCS 750, Section 11-14
Lessee Responsibilities. A business which leases space within a designated incubator shall do all of the following: (a) Pay rent determined by the incubator...
- Illinois Build Illinois Act. - 30 ILCS 750, Section 11-15
Department Responsibilities. The Department shall work closely with the designated small business incubators, offering advice and assistance when possible, and shall promote, through advertising...
- Illinois Build Illinois Act. - 30 ILCS 750, Section 11-16
Open Meetings and Confidentiality. (a) Except as provided in subsection (c), the business of the Community Advisory Board or the incubator sponsor or its...
- Illinois Build Illinois Act. - 30 ILCS 750, Section 11-17
Federal Programs. The Department is authorized to accept and expend federal monies pursuant to this Article except that the terms and conditions hereunder which...
- Illinois Build Illinois Act. - 30 ILCS 750, Section 23-1
Wages of laborers, mechanics and other workers employed on all "public works" projects undertaken pursuant to contracts financed with appropriations from the Build Illinois...
Last modified: February 18, 2015