Synopsis As Introduced Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Provides that the Department shall establish, at least annually, trade meetings in areas of the State where an international business center is located to assist Illinois businesses to connect with their trade offices. Sets forth certain requirements for these trade meetings.
House Floor Amendment No. 2 Provides that "international business center" means any not-for-profit organization, including a federal, State, or local organization or private organization, that: (i) focuses on helping Illinois business take advantage of global business opportunities, (ii) sponsors and provides educational workshops, trade missions, and networking events designed to help Illinois companies develop and expand business strategies in a global environment, (iii) works with the Department to assist businesses in promoting their services, and (iv) helps local and regional businesses to expand and compete in the global marketplace. Sets forth that the Department shall serve as an advisor to international business centers and shall assist them in the promotion of their services in order to promote a stronger business community and increase the workforce in Illinois. Provides that the assistance shall include facilitating trade shows and meetings within international business centers to help local and regional firms take advantage of global opportunities and become aware of foreign investment opportunities.