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
The resolution emphasizes the importance of local entrepreneurship in Louisiana's economic landscape by fostering partnerships between state interests and small businesses. This initiative is expected to provide greater opportunities for small entrepreneurships and veteran-owned businesses, ultimately contributing to job creation and economic diversification in the state. By setting tangible goals for expenditure percentages to these certified businesses, the state intends to create a more equitable playing field for small enterprises competing for state contracts.
House Concurrent Resolution 226 urges the Louisiana Department of Economic Development to inform companies associated with cooperative endeavor agreements about the specific goals of the Hudson Initiative and the Veteran Initiative. The resolution seeks to promote the growth and stability of small entrepreneurships and businesses owned by veterans within the state. By notifying these companies, the Department aims to ensure that they actively engage with certified businesses that meet the criteria established by these initiatives, enhancing overall participation in state procurement processes.
Overall, the sentiment around HCR226 appears positive among legislators, with unanimous support reflected in its passage. The resolution outlines proactive steps to support local economies and recognizing the contributions of small and veteran-owned businesses to the community. Some concerns may arise about the efficacy of such measures in driving real change, but the overarching theme suggests a commitment to bolstering local economies through state partnerships.
While the resolution does not appear to face significant opposition or contention during discussions, its success will hinge on the effective implementation of its goals by the Department of Economic Development. Ensuring that companies adhere to the request to engage with certified businesses may prove challenging. Moreover, the resolution lacks a mechanism for accountability, which could be a point of future debate regarding how successful these initiatives truly are at uplifting the targeted communities.