Representative Antonio Maestas & Albuquerque Hispano Chamber of Commerce Propose Bill to Even the Playing Field for Minority-Owned Businesses
Santa Fe, N.M. – This week, Representative Antonio Maestas (D-Albuquerque) and the Albuquerque Hispano Chamber of Commerce discussed HB198, the Historically Underutilized Business Opportunity Act, a bill that will bolster minority-owned small businesses by promoting full and equal business opportunities.
“This bill will ensure that businesses owned by women, Hispanics, other minorities will have equal access to contracts with state agencies,” said Representative Maestas. “By supporting historically underutilized businesses we can spur economic development and ensure our local business infrastructure grows and thrives in our state.”
The Historically Underutilized Business Opportunity Act would create an even playing field for businesses owned by minorities by requiring state agencies to set goals for the use of underutilized businesses. The bill also sets out to certify underutilized businesses and creates an online, searchable database of those businesses.
Representative Antonio “Moe” Maestas is a longtime civil rights organizer and champion who has successfully passed legislation that increases access to financial literacy classes in high schools and helped lead the passage of the film tax credit, which cultivated economic growth in the state. He currently serves on the House Appropriations and Finance Committee; House Transportation, Public Works and Capital Improvements Committee; and is Chair of House Rules and Order of Business Committee.