Louisiana House Bill HCR214

Louisiana 2015 Regular Session

• Introduced: 6/2/15
• Engrossed: 6/3/15
• Passed: 6/7/15

Caption

Request 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

Impact

If enacted, HCR214 will encourage the Department of Economic Development to facilitate better communication regarding economic initiatives aimed at supporting small businesses and veteran entrepreneurs. By mandating that companies disclose their partnership with certified vendors under the Hudson and Veteran Initiatives, the resolution intends to promote transparency and accountability. This could lead to an increase in opportunities for small businesses and veteran-owned businesses to participate in state contracts and improve overall economic conditions in Louisiana.

Summary

House Concurrent Resolution 214 urges the Louisiana Department of Economic Development to inform companies that have entered into cooperative endeavor agreements about the goals of the Louisiana Hudson Initiative and the Veteran Initiative. The resolution aims to enhance state procurement by encouraging the use of businesses certified under these initiatives, specifically targeting small entrepreneurships and veteran-owned businesses. It seeks to emphasize the importance of local small businesses in contributing to the economic growth and stability of the state.

Sentiment

The sentiment surrounding HCR214 appears to be largely positive, with broad support among legislators recognizing the importance of supporting small and veteran-owned businesses. The unanimous Senate vote indicates a strong collective agreement on the need to bolster local economies through initiatives that empower smaller entrepreneurs, reflecting a general belief in the value these businesses bring to the state's economic fabric.

Contention

While HCR214 did not encounter significant opposition during discussions, its implications could stir debates about the allocation of state resources and priorities among various business sectors. Concerns may arise around the effectiveness of these initiatives in ensuring that smaller and veteran-owned businesses receive fair opportunities, prompting discussions on equitable practices in state procurement policies. Additionally, ongoing monitoring and evaluation of such initiatives would be essential to ensure their success and alignment with broader economic objectives.