Establishes the Small SWaM Business Procurement Enhancement Program to increase procurement opportunities for small, women-owned, and minority-owned.
The bill establishes the Small SWaM Business Procurement Enhancement Program to facilitate participation of small, women-owned, and minority-owned businesses in state procurement. The program aims to achieve a 42% utilization rate for these businesses. It includes a set-aside for purchases up to $100,000 for small SWaM businesses. Executive branch agencies and covered institutions must require SWaM business subcontracting plans for proposals or bids over $100,000.
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