Connecticut House Bill HB05277

Connecticut 2011 Regular Session

• Introduced: 1/14/11
• Refer: 1/14/11

Caption

An Act Establishing The Connecticut Economic Future Commission.

Impact

The establishment of the Connecticut Economic Future Commission will require state agencies and municipalities to prioritize purchasing from vendors identified by the commission as local suppliers. This initiative is meant to empower in-state manufacturers and foster an environment conducive to economic expansion, particularly in the manufacturing sector. By aligning procurement strategies with local economic goals, the bill seeks to stimulate job creation and invest in state-grown talent and resources, thereby rebuilding Connecticut's economy.

Summary

House Bill 05277, titled 'An Act Establishing The Connecticut Economic Future Commission', aims to enhance the state's economy by establishing a commission within the Department of Economic and Community Development. The commission is tasked with reviewing state and municipal procurement practices with a focus on increasing the utilization of in-state manufacturers for producing goods and services. This bill is designed to facilitate the growth of Connecticut-based businesses and improve the state's economic future by leveraging public procurement processes to support local industries.

Contention

Despite the bill's apparent benefits, there may be concerns related to the commitment of state resources, as well as the potential impact on vendor selection processes. Critics may argue that mandating local procurement could lead to reduced competition, potentially increasing costs for state agencies and municipalities. However, proponents believe that the emphasis on in-state purchasing will ultimately benefit the economy by supporting local jobs and reducing reliance on out-of-state vendors.