Virginia House Bill HB716

Virginia 2024 Regular Session

• Introduced: 1/9/24
• Refer: 1/9/24

Caption

Small Business and Supplier Diversity, Department of; disparity study.

Impact

The bill aims to amend existing state laws to address and remedy disparities between the availability and utilization of women-owned and minority-owned businesses. By requiring disparity studies every five years, the bill ensures that the state has a current understanding of the landscape and can make informed adjustments to its procurement policies. This alignment with disparity studies and ongoing evaluation mechanisms seeks to create equitable access and increase opportunities for small businesses, ultimately fostering economic development.

Summary

House Bill 716 focuses on enhancing the procurement processes for small, women-owned, and minority-owned businesses in Virginia. The bill mandates that state agencies implement specific programs aimed at facilitating the participation of these businesses in government contracting. To achieve these goals, the Department of Small Business and Supplier Diversity (SBSD) will oversee annual progress reports and ensure compliance with established guidelines, thus promoting a robust engagement of underrepresented businesses in public contracts.

Contention

However, the bill is not without points of contention. Opponents may argue that while good intentions guide these measures, they could inadvertently impose regulatory burdens on smaller agencies already navigating their constraints. Critics might express concerns regarding the effectiveness of enhancement and remedial measures across diverse jurisdictions, where local needs may differ significantly. The tension between fostering local enterprise and broader state mandates will likely be a key area of debate as the bill progresses.