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House passes bill allowing discretionary procurement preference for employee‑owned firms
Summary
House Bill 36 46 passed to let public contracting agencies optionally favor businesses at least 50% employee owned (including ESOPs) by allowing an awarding preference when bids fall within 5% of the lowest bid; lawmakers debated potential effects on small entrepreneurs and in‑state businesses.
The House voted to pass House Bill 36 46 on third reading, advancing a new discretionary procurement preference that allows public contracting agencies to favor businesses that are at least 50% employee owned, including those structured as employee stock ownership plans (ESOPs).
Under the measure, a contracting agency may grant preference to eligible employee‑owned firms when their bid is within 5% of the lowest responsive…
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