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Small business gets a big boost

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Assemblymember Curren Price (D- Inglewood), Chair of the Assembly Select  Committee on Procurement, authored AB 2773 which will amend the Small  Business and Procurement Contract Act and increase the maximum contract  amount awarded to small businesses from $100,000 to $250,000.   The law  currently permits a state agency to award Certified Small Businesses,  including Micro Businesses and Disabled Veteran Business Enterprises,  contracts with a value between $5,000 and $100,000 for goods, services  or information technology.   AB 2773 also calls for contractors to  report the actual percentage of their stated small business goal that  was achieved upon completion of their contract.
There are  approximately 3.5 million small businesses in the state of California,  representing 98 percent of California enterprises and employing 50  percent of the workforce. The State of California cannot truly thrive  economically, unless our small businesses are allowed to grow and  prosper, said Price.  I am pleased that the Governors office is  keeping its promise to ensure substantive small business contracting  opportunities with the state by supporting my authorship of AB 2773.
Executive  Orders S-02-06 and S-11-06 set a 25% contracting and procurement goal  for small and emerging businesses.  The Select Committee on Procurement  is charged with developing viable strategies to fulfill that procurement  and contracting goal and has already convened two public hearings.  On  Thursday, February 28, 2008, from 11:00am – 1:00pm, in room 127 at the  State Capitol, the Select Committee on Procurement will convene a third  hearing to receive a status report on the Governors Partnership  Agreement with the Construction Trade Industry.  The Partnership  Agreement states that the signatories, including representatives of the  states major construction corporations, small business advocacy  associations and Caltrans Director Will Kempton, will work to maximize  the participation of small and disadvantaged business enterprises in  Californias transportation program.
As a former small business  owner, Price has made support of small businesses key among his policy  and constituent outreach concerns.   He was recently appointed to the  Commerce and Utilities Committee and is a member of the Business &  Professions, and Jobs, Economic Development & the Economy  Committees.  On Friday, February 29, 2008, from 5:30 – 8 p.m., Price,  along with seven District 51 Chambers of Commerce, will host a business  forum at Hollywood Park Race Track, in Inglewood.  I wanted to create  an opportunity for small business owners and organizations in the  District to network with major corporations and state agencies, while  gaining valuable insight and technical assistance to support their  businesses, said Price
For more information, visit   www.democrats.assembly.ca.gov/members/a51/.   If you are interested in  attending the business event on February 29, please contact the District  Office at (310) 412-6400.

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