Authorizes local contracting units to establish joint venture and set-aside programs.
This bill would authorize local contracting units to establish joint venture and set-aside programs for women's, minority, and veteran business enterprises. The Local Public Contracts Law has allowed local contracting units to establish minority and women's business enterprise set-aside programs since 1985, and veteran business enterprise set-aside programs since 2013. The bill aims to encourage the growth and competitiveness of these businesses by allowing them to partner with more seasoned businesses into joint ventures.
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