Authorizes a state agency to provide for the reservation or set-aside of certain procurements for business enterprises.
Impact
If enacted, S09369 is likely to have significant implications on state laws governing procurement processes. The bill will pave the way for systematic changes that could lead to an increase in opportunities for women and minority-owned businesses. This legislative move reflects a growing awareness of the need to address historical inequities in state contracting and procurement, potentially altering how procurement policies are developed and implemented across various state agencies. Additionally, it is expected to encourage a more competitive bidding process, which may lead to improved services and innovation.
Summary
Bill S09369 seeks to amend the state finance law to authorize state agencies to reserve or set aside certain procurements specifically for businesses owned by women and minorities. This legislative effort aims to foster inclusivity and provide fair opportunities for underrepresented business entities within the state procurement process. By giving agencies the authority to allocate these procurements, the bill aims to enhance participation from diverse business backgrounds in state contracts, which may positively impact economic growth in those communities.
Contention
Despite its potential benefits, this bill may face criticism over concerns regarding preferential treatment in procurement processes. Opponents might argue that reserving contracts for specific groups could limit competition and lead to inefficiencies. There may be debates over the balance between fostering equity and ensuring a level playing field for all businesses. Some may also question the effectiveness of such reservations in tackling systemic barriers faced by minority and women entrepreneurs, suggesting that comprehensive support mechanisms rather than procurement preferences could be more effective in achieving equitable outcomes.
Authorizes agencies to procure goods, services and construction from special veteran emerging business enterprises; defines special veteran emerging business enterprises.
Authorizes agencies to procure goods, services and construction from special veteran emerging business enterprises; defines special veteran emerging business enterprises.
Requires that certain contracts let by the office of general services be reserved for small businesses, including minority-owned business enterprises and women-owned business enterprises.
Requires that public contracts be divided by size into large, medium, small and micro contracts for the purpose of increasing opportunities for small businesses, including minority-owned business enterprises and women-owned business enterprises, to participate in state contracts.
Requires contractors receiving public funds to pay amounts owed to small businesses and minority-owned business enterprises within 10 days of receipt of an undisputed invoice generated by a small business, minority-owned business enterprise or vendor management service and managed service provider on behalf of the small business or minority-owned business enterprise.
Establishes minority youth-owned business enterprises in the state of New York and the city of New York; creates certain contracting opportunities for members of minority youth-owned business enterprises; establishes an implementation program and oversight committee for minority youth-owned business enterprises.
Enacts the lift our communities advertise locally (LOCAL) program which provides a tax credit on advertising for locally owned minority-owned and women-owned business enterprises, certified service-disabled veteran-owned business enterprises or a small business.