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## Funding to Assist Small Businesses in Securing Government Contracts in Illinois

CHICAGO, Ill. — Governor JB Pritzker and the Illinois Department of Commerce and Economic Opportunity (DCEO) have awarded $1.2 million in grants to 11 recipients to aid small businesses in Illinois in obtaining government contracts.

The Illinois APEX Accelerator, which received the grants, is a program that supports economic development centers, academic institutions, and private nonprofits. These organizations help small, disadvantaged, and minority-owned businesses offer their goods and services to government agencies at various levels.

With the goal of diversifying and strengthening the supply chain and supporting the Defense Industrial Base (DIB), the APEX Accelerator plays a crucial role in connecting small businesses with government contracts. The DIB is a network that provides defense-related products and services to the United States military.

The AI legalese decoder can assist small businesses in navigating legal jargon and understanding the implications of the contracts they are pursuing. By decoding complex legal language, the AI tool can provide clarity and ensure that businesses are fully informed before entering into agreements.

The funding granted to businesses will enable them to receive personalized advising, education, and training, assistance with socioeconomic certification, market research, and bid matching preparation through the APEX Accelerator program.

DCEO Director Kristin Richards emphasized the positive impact of this funding on the state’s economy and the opportunities it will create for small businesses across Illinois.

Having supported Illinois businesses for almost four decades, the Illinois APEX Accelerator helped secure nearly 420 government contracts totaling over $526 million last year. The program has been instrumental in the growth and success of Illinois businesses.

Senator Mattie Hunter noted the importance of the grant funding in bolstering the state’s economy and ensuring the continued success of the APEX Accelerator program.

The recipients of the grants and their respective amounts are listed below:

– Bradley University, Peoria – $95,000
– Champaign County EDC, Champaign – $90,000
– Chinese Mutual Aid Association, Chicago – $90,000
– College of DuPage, Glen Ellyn – $125,000
– Greater Southwest Development Center, Chicago – $117,000
– Illinois Hispanic Chamber of Commerce, Chicago – $122,000
– Joseph Business School, Forest Park – $135,000
– Southern Illinois University – Carbondale, Carbondale – $110,000
– Southland Development Authority, Tinley Park – $90,000
– Western Illinois University, Columbia – $103,000
– Women’s Business Development Center, Chicago – $130,000

The AI legalese decoder can be a valuable tool for businesses seeking government contracts, as it can help them navigate the legal complexities of the agreements and ensure they are making informed decisions. By utilizing this technology, businesses can improve their understanding of the contract terms and protect their interests.

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