DCEO - SSBCI Legal Services RFP
Active Open Market Competitive Sealed Proposal Illinois Awarded
- Contract number
- 26-420DCEO-ENTRE-P-85233
- Awardee
- ArentFox Schiff LLP
- Contracting organization
- Entrepreneurship, Innovation & Technology
- Contract amount
- $1,500,000
Award facts
- Completion date
- NIGP code
Award details come from bidbuy.illinois.gov. Updated .
About this award
The Illinois Department of Commerce and Economic Opportunity (DCEO) has awarded a six-year contract to ArentFox Schiff LLP for legal services supporting the State Small Business Credit Initiative (SSBCI) funding program. The contract, valued at $1,500,000.00, will provide on-demand legal assistance to small businesses applying for government small business programs, with services spanning from September 1, 2025, to August 31, 2031.
The contract includes hourly rate services across multiple legal professional levels, including Partners, Counsel/Of Counsel, and Associate Attorneys. These legal professionals will support DCEO's implementation of the SSBCI program, which is funded through the American Rescue Plan Act and aims to facilitate venture capital and credit investments for small businesses. The contract allows for invoicing based on actual hours worked, with an estimated 30-50 investment transactions anticipated annually, ranging from $10,000 to $6 million in potential investment sizes.
Line items
| Item | Total |
|---|---|
| Year 1 - Partner Hourly Rate -Legal assistance to support small businesses applying for the State Small Business Credit Initiative (SSBCI) funding and other similar government small business programs. Vendor will invoice for actual hours worked per Contract. | — |
| Year 1 - Counsel/Of Counsel - Hourly Rate -Legal assistance to support small businesses applying for the State Small Business Credit Initiative (SSBCI) funding and other similar government small business programs. Vendor will invoice for actual hours worked per Contract. | — |
| Year 1 - Associate Attorney - Hourly Rate -Legal assistance to support small businesses applying for the State Small Business Credit Initiative (SSBCI) funding and other similar government small business programs. Vendor will invoice for actual hours worked per Contract. | — |
| Year 2 - Counsel/Of Counsel - Hourly Rate -Legal assistance to support small businesses applying for the State Small Business Credit Initiative (SSBCI) funding and other similar government small business programs. Vendor will invoice for actual hours worked per Contract. | — |
| Year 3 - Partner Hourly Rate -Legal assistance to support small businesses applying for the State Small Business Credit Initiative (SSBCI) funding and other similar government small business programs. Vendor will invoice for actual hours worked per Contract. | — |
| Year 3 - Associate Attorney - Hourly Rate -Legal assistance to support small businesses applying for the State Small Business Credit Initiative (SSBCI) funding and other similar government small business programs. Vendor will invoice for actual hours worked per Contract. | — |
| Year 4 - Counsel/Of Counsel - Hourly Rate -Legal assistance to support small businesses applying for the State Small Business Credit Initiative (SSBCI) funding and other similar government small business programs. Vendor will invoice for actual hours worked per Contract. | — |
| Year 5 - Partner Hourly Rate -Legal assistance to support small businesses applying for the State Small Business Credit Initiative (SSBCI) funding and other similar government small business programs. Vendor will invoice for actual hours worked per Contract. | — |
| Year 4 - Associate Attorney - Hourly Rate -Legal assistance to support small businesses applying for the State Small Business Credit Initiative (SSBCI) funding and other similar government small business programs. Vendor will invoice for actual hours worked per Contract. | — |
| Year 5 - Associate Attorney - Hourly Rate -Legal assistance to support small businesses applying for the State Small Business Credit Initiative (SSBCI) funding and other similar government small business programs. Vendor will invoice for actual hours worked per Contract. | — |
| Year 6 - Partner Hourly Rate -Legal assistance to support small businesses applying for the State Small Business Credit Initiative (SSBCI) funding and other similar government small business programs. Vendor will invoice for actual hours worked per Contract. | — |
| Year 6 - Counsel/Of Counsel - Hourly Rate -Legal assistance to support small businesses applying for the State Small Business Credit Initiative (SSBCI) funding and other similar government small business programs. Vendor will invoice for actual hours worked per Contract. | — |
| Year 2 - Partner Hourly Rate -Legal assistance to support small businesses applying for the State Small Business Credit Initiative (SSBCI) funding and other similar government small business programs. Vendor will invoice for actual hours worked per Contract. | — |
| Year 6 - Associate Attorney - Hourly Rate -Legal assistance to support small businesses applying for the State Small Business Credit Initiative (SSBCI) funding and other similar government small business programs. Vendor will invoice for actual hours worked per Contract. | — |
| Estimated Budget for 6 year Term - $1,500,000.00. The services under this contract will be on-demand as requested by DCEO and Vendors will invoice based on the hours worked at hourly rates submitted. | — |
| Year 2 - Associate Attorney - Hourly Rate -Legal assistance to support small businesses applying for the State Small Business Credit Initiative (SSBCI) funding and other similar government small business programs. Vendor will invoice for actual hours worked per Contract. | — |
| Year 3 - Counsel/Of Counsel - Hourly Rate -Legal assistance to support small businesses applying for the State Small Business Credit Initiative (SSBCI) funding and other similar government small business programs. Vendor will invoice for actual hours worked per Contract. | — |
| Year 4 - Partner Hourly Rate -Legal assistance to support small businesses applying for the State Small Business Credit Initiative (SSBCI) funding and other similar government small business programs. Vendor will invoice for actual hours worked per Contract. | — |
| Year 5 - Counsel/Of Counsel - Hourly Rate -Legal assistance to support small businesses applying for the State Small Business Credit Initiative (SSBCI) funding and other similar government small business programs. Vendor will invoice for actual hours worked per Contract. | — |
Show all 19
Files
| File | Type | Posted |
|---|---|---|
| B-47014 Pre-Bid Attendees.xlsx | XLSX spreadsheet | |
| B-47014 SSBCI Legal Service RFP Final Revised 5-2-25.docx | DOCX document | |
| c2d-vendor-answer-sheet-v.24.4~2.docx | DOCX document | |
| ipg-active-registered-vendor-disclosure-formerly-forms-b-v.23.1 .docx | DOCX document | |
| vendor-disclosure-formerly-forms-a-v.24.1~1.docx | DOCX document | |
| B-47014 QandA 5-13-25.docx | DOCX document | |
| B-47014 QandA 5-2-25.docx | DOCX document | |
| B-47014 Pre-Bid QandA.docx | DOCX document | |
| c2d-vendor-guidance-v.24.4~1.pdf | ||
| B-47014 NOA SSBCI Legal Services.pdf | ||
| c2d-offeror-job-aid-v.24.2~1.jpg | JPG image | |
| request-for-proposal-offer-to-the-state-of-illinois-01-22-2025-v-25-2~1.pdf |
Show all 12
Quick answers
Who was awarded contract 26-420DCEO-ENTRE-P-85233?
Contract 26-420DCEO-ENTRE-P-85233 was awarded to ArentFox Schiff LLP by Entrepreneurship, Innovation & Technology in Illinois on September 1, 2025.
How much is contract 26-420DCEO-ENTRE-P-85233 worth?
Its contract amount is $1,500,000.
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