Reps. Gomez & Aguilar Announce Legislation to Help Minority- & Women-Owned Businesses Secure Infrastructure FundingIf Passed, Bills Would Help Federal Agencies Accomplish President Biden’s Ambitious Goal of Increasing Share of Federal Contracts Going to Small, Disadvantaged Businesses By 50% by 2025
Washington,
July 17, 2023
WASHINGTON, D.C. – Today U.S. Representatives Jimmy Gomez (CA-34) and Pete Aguilar (CA-33) announced a package of legislation to help minority- and women-owned businesses compete for contracts to develop and build federal infrastructure projects. As billions of dollars in funding is distributed through the Bipartisan Infrastructure Law, these bills would help federal agencies accomplish President Biden’s ambitious goal of increasing the share of federal contracts going to small, disadvantaged businesses by 50 percent by 2025. This would represent billions more dollars for small businesses and help to close the racial wealth gap. “Small businesses are the foundation of a strong economy, and ensuring they can grow and succeed is essential. In 2021, Congress made historic investments to support small businesses through the Bipartisan Infrastructure Law, and the legislation we’re introducing today will ensure that historically disadvantaged small businesses owned by women and people of color are equipped to compete for federal, state, and local government contracts,” said Rep. Gomez. "Small businesses are not just the heart and soul of our communities, but they’re the driving forces behind our continued economic success,” said Rep. Pete Aguilar. “That’s why it’s critical we make sure that minority and women-owned businesses have the tools and resources they need to thrive. We’ve made historic investments in underserved communities through the Bipartisan Infrastructure Law, but the Federal Highway Administration’s Disadvantaged Business Enterprise Supportive Services program has long been in need of increased funding. Our legislation will more than double their funding and create similar programs at the Federal Aviation Administration and Federal Transit Administration. I’m proud to join Congressman Gomez and Senator Padilla as we work to continue to grow our economy and support minority and women-owned businesses.” Senator Alex Padilla (D-CA) is preparing to introduce both bills in the Senate. Full text of the Accelerating Small Business Growth Act can be found here. ### |