The bill aims to enhance support for diverse businesses in Massachusetts by introducing new legal language that establishes clearer guidelines and classifications for Minority Business Enterprises (MBE), Women Business Enterprises (WBE), and other diverse business categories, including Disability-Owned Business Enterprises (DOBE) and LGBT Business Enterprises (LGBTBE). It emphasizes the importance of these classifications in facilitating access to state contracts and resources, thereby promoting diversity and inclusion in public procurement processes. The bill also includes the establishment of the Office of Access and Opportunity, which will oversee participation goals for MBEs and WBEs in capital facility projects, and outlines the responsibilities of the Supplier Diversity Office (SDO) in achieving these goals.

Additionally, the bill highlights significant increases in spending with diverse and small businesses, reporting a total of approximately $3.78 billion in FY2024, which marks an 11.88% increase from the previous year. It sets new benchmarks for spending with DOBE and LGBTBE businesses, aiming for $18 million each, and notes the establishment of a Diverse and Small Business Advisory Board to support these initiatives. The legislation also streamlines the certification process for various business enterprises, allowing for recognition of certifications from third-party organizations, and introduces new categories for nonprofit organizations to further enhance inclusivity in the business landscape. Overall, the bill reflects a comprehensive approach to fostering economic equity and inclusion within the Commonwealth's procurement processes.