Texas House Bill HB2720

Texas 2023 - 88th Regular

• Filed: 2/23/23

Caption

Relating to establishing an intergovernmental development corporation in certain counties to foster minority- or women-owned construction businesses.

Impact

The bill recognizes the legislative interest in supporting economic diversity and aims to directly contribute to the public purpose of economic development. With funds allocated for providing training, mentoring, and support services, the bill seeks to empower underrepresented groups in the construction industry, thus potentially leading to a more equitable economic landscape. This initiative could symbolize a significant shift in state support for minority and women-owned businesses in a traditionally male-dominated field.

Summary

House Bill 2720 aims to establish an intergovernmental development corporation specifically in counties with populations exceeding two million. The primary purpose of this bill is to foster the growth of construction businesses owned by minorities or women. By setting out a framework for creating this corporation, the bill envisions a strong support system that will also include training and mentoring programs targeted at these minority groups.

Sentiment

The sentiment surrounding HB 2720 appears to be largely positive, reflecting a commitment to increasing diversity and promoting inclusion within the state’s economic framework. Lawmakers and community advocates who support the bill express optimism about its potential to positively impact the business landscape for minority and women entrepreneurs. However, any opposing sentiment could stem from concerns regarding the adequacy of enforcement mechanisms and the effectiveness of the proposed programs.

Contention

While the bill has the potential to advance the interests of minority and women-owned businesses, there are areas of contention regarding its implementation. Critics may argue about the bill's projected funding sources, accountability measures, and the overall effectiveness in achieving its intended goals. Additionally, doubts may arise regarding the visibility of the outcomes of such programs and whether the corporation will substantially impact the intended beneficiaries. The future discussions around HB 2720 will likely focus on these aspects.

Texas Constitutional Statutes Affected

Tax Code

• Chapter 25. Local Appraisal
  • Section: 07

• Chapter 11. Taxable Property And Exemptions
  • Section: 11

Government Code

• Chapter 551. Open Meetings
  • Section: New Section

• Chapter 552. Public Information
  • Section: New Section