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Panel moves bill to give state contracting preference to employee‑owned firms
3172283 · April 28, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
SB 713 would create a bid preference for construction contractors that operate employee stock ownership plans (ESOPs) on state‑funded contracts; proponents said ESOPs improve retirement security and local economic stability.
Senator Valadares presented SB 713, which would provide a bid preference on state‑funded construction contracts to companies that operate employee stock ownership plans (ESOPs). The bill follows prior state work on worker ownership and is intended to…
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