Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Supervisors advance pilot giving 4% bid preference to certified benefit corporations
Summary
The San Francisco Board of Supervisors approved on first reading an ordinance to grant a time-limited 4% bid discount to California-registered benefit corporations, with guardrails to avoid stacking with local-business preferences and to exclude subsidiaries. The pilot requires board action to renew after three years.
The San Francisco Board of Supervisors on Tuesday approved, on first reading, an ordinance that would give a 4% bid discount to California-registered benefit corporations competing for city contracts as part of a three‑year pilot program.
The measure, introduced by Board President David Chiu, is meant to support social‑enterprise models known as benefit corporations by offering modest contracting preferences while preserving existing local‑business and small‑business preferences. "Businesses that are doing well as they do good," Chiu said in introducing the ordinance.
Why it matters: Supporters said the program aims to encourage social entrepreneurship and direct some contracting preference toward firms that carry a stated…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
