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Committee advances amended measure on benefit-corporation contracting discounts; ordinance continued for further drafting
Summary
Supervisors debated an ordinance to grant bid preferences to state-recognized benefit corporations, agreed to reduce the discount to 4%, require HRC oversight and third-party verification, and continued the item to April 4 so staff can draft and model amendments and implementation detail.
The Budget and Finance Committee discussed an ordinance amending the San Francisco Administrative Code to grant limited contracting preferences to California benefit corporations and agreed to a package of amendments before continuing the item for further drafting and analysis.
Supervisor David Chu introduced the ordinance and described benefit corporations as businesses that formally adopt a public-benefit purpose and report on social and environmental performance. Chu said he sought a contracting preference modeled on the city's Local Business Enterprise program but narrowed the proposal after stakeholder feedback.
Committee debate focused on several implementation concerns: the appropriate size of the bid discount, how to…
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