05052021CM0099

CHICAGO-In an effort to provide instruction, training and support services to new and aspiring entrepreneurs, State Senator Elgie Sims, Jr. (D-Chicago) is sponsoring House Bill 665, which would require the Illinois Department of Commerce & Economic Opportunity (DCEO) to establish and support entrepreneurship assistance centers around the state.

“There are no simple rules or a checklist that can guarantee success as an entrepreneur,” Sims said. “Entrepreneurship is hard and often times presents many roadblocks in the early stages of planning. We want to make this process easier for those who have a passion to build their own brand while equipping them with the necessary skills to become successful.”

The legislation would also require grants be awarded to train minority group members including people of color, women, people with disabilities, and veterans.

Specialized training services at the centers would include orientation and screening of prospective entrepreneurs, analysis of business concepts and technical feasibility, market analysis, management analysis and counseling, business planning and financial planning assistance, referrals to financial resources and much more.

House Bill 665 passed the Senate Commerce Committee and moves to the full Senate for consideration.

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