Socially and economically disadvantaged small business; establish program to encourage participation in state contracts by.
Impact
If passed, SB2355 would require each state agency to appoint an ODC Compliance Officer charged with ensuring compliance with the ODC Program, thereby institutionalizing support for disadvantaged businesses at the state level. The measure encourages inclusion by mandating that state agencies adopt specific procurement goals tailored to amplify participation from ODC-certified businesses in various contracting categories such as construction, professional services, and information technology. The Mississippi Development Authority (MDA) would oversee this initiative and develop procedures for certifying participating enterprises.
Summary
Senate Bill 2355 proposes the establishment of the Opportunities for Diversity in Contracting Program (ODC) within the Mississippi Development Authority. The primary aim of this program is to enhance the participation of socially and economically disadvantaged small businesses in state contracting opportunities. This bill intends to facilitate better access to government contracts for these businesses, promoting a more equitable bidding environment.
Contention
The bill's discussions may highlight contention around how effectively it addresses the challenges faced by these businesses compared to existing contracting processes. Critics may argue whether the measures proposed are sufficient to change the landscape or merely symbolic, while supporters would likely emphasize the historical necessity for policies promoting diversity in state contracting. Additional scrutiny might focus on the practicality of implementing compliance measures within state agencies.
Notable_points
Furthermore, the bill outlines processes for issuing waivers to accommodate circumstances where compliance to set procurement goals may not be feasible. This flexibility is designed to meet the nuanced demands of different state agencies, acknowledging the varying readiness levels of businesses to engage in government contracts, thus balancing mandatory goals with achievable outcomes.
Creates State business assistance program to establish contracting agency procurement goals for socially and economically disadvantaged business enterprises.
Creates State business assistance program to establish contracting agency procurement goals for socially and economically disadvantaged business enterprises.
Creates State business assistance program to establish contracting agency procurement goals for socially and economically disadvantaged business enterprises.
Empowering disadvantaged state contractors” provides up-front down payments and bridge loans to socially or economically disadvantaged microbusinesses and small businesses that secure state contracts through CDFIs and non-traditional lenders