This bill proposes significant reforms to Florida's business development and economic assistance framework by repealing various sections of existing law that focus on minority participation and business enterprises. Key changes include the repeal of programs such as the Targeted Marketing Assistance Program and the Black Business Loan Program, while shifting the focus towards broader support for rural and urban business enterprises. The Office of Supplier Diversity is renamed to the Office of Supplier Development, with its mission expanded to assist all rural and urban businesses rather than solely minority-owned enterprises. The bill also introduces the Research, Innovation, Science, and Engineering (RISE) Investment Tax Credit Program to incentivize investments in qualifying projects, aiming to modernize Florida's economic development strategies.

Additionally, the bill establishes new procurement goals that replace references to "minority" business enterprises with "rural or urban" business enterprises, mandating agencies to consider outreach and advertising efforts to these groups. It creates the Florida Advisory Council on Small, Rural, and Urban Business Development to advise on enhancing opportunities for these businesses. The legislation also includes provisions for a streamlined certification process for rural or urban business enterprises, ensuring equitable access to state contracts. Overall, the bill seeks to enhance participation from a wider range of businesses in state contracting opportunities while promoting economic growth and collaboration among various stakeholders.

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