The Rhode Island Black Business Association (RIBBA), established in 2011, is dedicated to enhancing the opportunities and economic well-being of Black-owned and minority businesses in Rhode Island. RIBBA provides a range of services including business development, entrepreneurship training, advocacy, workforce development, and facilitating access to capital. The association is inclusive, serving individuals and businesses of all backgrounds and sizes, and is entirely funded by government and corporate grants, as well as public support.

This resolution proposes the allocation of $500,000 from the treasury to RIBBA for the fiscal year 2024-2025 to support its programs and services for entrepreneurs, business owners, and employers in Rhode Island. The state controller is authorized to issue payments from this appropriation as needed, based on the submission of properly authenticated vouchers. The legislative council explains that the resolution's purpose is to provide this financial support to RIBBA.