Bill > HB1376

This bill aims to encourage state agencies in Arkansas to award at least 5% of their contracts to young, local businesses. Specifically, the legislation requires the Office of State Procurement to motivate state agencies to allocate contracts to businesses that have been in operation for less than five years and are headquartered in Arkansas. The bill defines a "state agency" according to an existing statute (§ 19-11-203), ensuring a clear legal framework for implementation. By creating this provision, the bill seeks to support and provide opportunities for emerging local businesses, potentially helping to stimulate economic growth and entrepreneurship within the state by giving newer Arkansas-based companies a chance to compete for government contracts.

Agriculture and Natural Resources

https://arkleg.state.ar.us/Bills/Detail?id=hb1376&ddBienniumSession=2025%2F2025R