This bill seeks to modernize and streamline Florida's business enterprise statutes, particularly by shifting the focus from minority business enterprises to rural and urban business enterprises. It repeals several existing laws related to minority participation and amends the responsibilities of the Department of Commerce to support broader business development in rural and urban areas. The Office of Supplier Diversity is renamed the Office of Supplier Development, reflecting this new focus. The bill also introduces the Research, Innovation, Science, and Engineering (RISE) Investment Tax Credit Program to incentivize investments in qualifying portfolio companies, while establishing a framework for tax credits and reporting requirements.
Additionally, the bill enhances procurement opportunities for rural and urban business enterprises by replacing references to minority business enterprises throughout the statutes. It mandates that state agencies adopt specific criteria for evaluating good faith efforts to include these businesses in contracting processes and requires annual reporting on contracting activities. The establishment of the Florida Advisory Council on Small, Rural, and Urban Business Development aims to provide guidance on issues affecting these enterprises. Overall, the legislation aims to foster economic growth, promote inclusivity in state contracting, and streamline various regulatory processes while ensuring compliance with new requirements.
Statutes affected: S 1264 Filed: 24.113, 186.501, 186.502, 186.503, 186.504, 186.505, 186.506, 186.507, 186.508, 186.509, 186.511, 186.512, 186.513, 186.515, 288.706, 288.714, 212.08, 215.559, 253.025, 287.012, 287.0931, 287.09451, 287.0947, 288.001, 288.0065, 288.1167, 288.12266, 288.1229, 288.124, 288.7015, 288.702, 288.703, 288.705, 288.776, 290.0056, 290.0057, 331.302, 331.351, 445.004, 447.203, 17.11, 68.082, 120.52, 120.525, 120.65, 163.3177, 163.3178, 163.3245, 163.568, 164.1031, 186.003, 186.006, 186.008, 186.803, 255.101, 255.102, 258.501, 287.0943, 287.055, 288.7031, 290.004, 320.08058, 320.63, 335.188, 339.155, 339.175, 339.285, 341.041, 343.54, 369.303, 369.307, 373.309, 377.703, 378.411, 380.031, 380.045, 380.055, 380.061, 380.07, 380.23, 380.507, 381.986, 403.031, 403.0752, 403.503, 403.50663, 403.507, 403.5175, 403.518, 403.522, 403.5251, 403.526, 403.5272, 403.5365, 403.704, 403.7226, 403.723, 403.9403, 403.941, 403.9422, 403.973, 409.901, 420.609, 440.45, 501.171, 625.3255, 627.3511, 641.217, 657.042, 658.67, 947.02, 947.021, 1004.435, 1013.30
S 1264 c1: 24.113, 186.501, 186.502, 186.503, 186.504, 186.505, 186.506, 186.507, 186.508, 186.509, 186.511, 186.512, 186.513, 186.515, 288.124, 288.706, 288.714, 331.351, 212.08, 215.559, 253.025, 287.012, 287.09451, 287.0947, 288.001, 288.0065, 288.1167, 288.1229, 288.7015, 288.702, 288.703, 288.705, 288.776, 290.0056, 290.0057, 331.302, 447.203, 17.11, 68.082, 120.52, 120.525, 120.65, 163.3177, 163.3178, 163.3245, 163.568, 164.1031, 186.003, 186.008, 186.803, 212.096, 255.101, 255.102, 258.501, 287.055, 287.0943, 287.09431, 288.0001, 288.7031, 290.004, 320.08058, 335.188, 339.155, 339.175, 339.285, 341.041, 343.54, 369.303, 369.307, 373.309, 376.3072, 377.703, 378.411, 380.031, 380.045, 380.055, 380.061, 380.07, 380.23, 380.507, 381.986, 403.031, 403.0752, 403.503, 403.50663, 403.507, 403.5175, 403.518, 403.522, 403.526, 403.5272, 403.704, 403.7226, 403.723, 403.9403, 403.941, 403.9422, 403.973, 420.609, 501.171, 625.3255, 657.042, 658.67, 1013.30
S 1264 c2: 24.113, 186.501, 186.502, 186.503, 186.504, 186.505, 186.506, 186.507, 186.508, 186.509, 186.511, 186.512, 186.513, 186.515, 288.124, 288.706, 288.714, 331.351, 212.08, 253.025, 287.012, 287.09451, 287.0947, 288.001, 288.0065, 288.1167, 288.1229, 288.7015, 288.702, 288.703, 288.705, 288.776, 290.0056, 290.0057, 331.302, 447.203, 17.11, 68.082, 120.52, 120.525, 120.65, 163.3177, 163.3178, 163.3245, 163.568, 164.1031, 186.003, 186.006, 186.008, 186.803, 212.096, 255.101, 255.102, 258.501, 287.055, 287.0943, 287.09431, 288.0001, 288.7031, 290.004, 320.08058, 335.188, 339.155, 339.175, 339.285, 341.041, 343.54, 369.303, 369.307, 373.309, 376.3072, 377.703, 378.411, 380.031, 380.045, 380.055, 380.061, 380.07, 380.23, 380.507, 381.986, 403.031, 403.0752, 403.503, 403.50663, 403.507, 403.5175, 403.518, 403.522, 403.526, 403.5272, 403.5365, 403.704, 403.7226, 403.723, 403.9403, 403.941, 403.973, 420.609, 501.171, 625.3255, 657.042, 658.67, 1013.30