Requests that the Department of Economic Development notify companies with which it has entered into cooperative endeavor agreements of the goals of the Hudson and Veteran initiatives and that these companies provide the department with information on their use of Hudson Initiative and Veteran Initiative vendors.
The resolution mandates that the Department of Economic Development provides companies with a list of businesses certified under the Hudson and Veteran Initiatives. Companies are encouraged to set spending goals regarding these certified businesses and report quarterly on their progress. This initiative is expected to level the playing field for small and veteran-owned businesses in the state procurement process, thereby offering them increased visibility and potential contracts.
SCR135 is a concurrent resolution that urges the Louisiana Department of Economic Development to notify companies involved in cooperative endeavor agreements about the specific goals of the Louisiana Hudson Initiative and the Veteran Initiative. These initiatives aim to promote economic growth by ensuring that state interests utilize the offerings of small businesses, particularly those owned by veterans and service-connected disabled veterans, in state procurement and public contracts. This resolution emphasizes the importance of these initiatives in maintaining the economic well-being of the state while fostering local entrepreneurship.
The sentiment surrounding SCR135 appears to be generally positive, as it highlights a commitment to support small and veteran-owned businesses in Louisiana. Lawmakers showed bipartisan support for the initiative, collectively recognizing the need to enhance local economies and support those who have served in the military. This collaborative approach is indicative of a broader legislative intent to create inclusive economic opportunities.
As SCR135 is a concurrent resolution rather than a legislative bill, it does not face the same level of scrutiny or opposition typically associated with proposed laws. However, potential contention may arise regarding the implementation and efficacy of the initiatives it promotes. Ensuring that companies actively engage with these initiatives and meet reporting requirements could present challenges. Nevertheless, the overall intent seems to align with long-term economic goals for the state.