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High Speed Rail Authority’s Adopts 10 Percent Disadvantaged Business Enterprise Goal
By Sentinel News Service
Published August 31, 2012

Sacramento, CA – The California High Speed Rail (HSR) Authority has significantly enhanced its Small Business Program, modeled after legislation authored by Senator Curren D. Price, Jr. (D-Los Angeles), by approving a 10 percent contract participation goal for Disadvantaged Business Enterprises (DBEs).  The proposal was unanimously approved by the HSR Board on Thursday, August 2, 2012. 

“Adding the10 percent DBE goal to the program will greatly boost the competitiveness of historically disadvantaged small businesses, including minority and women-owned firms,” said Senator Price who is Chair of the Senate Select Committee on Procurement and a strong advocate for California small businesses.

“This is a momentous action in favor of these small businesses, a move that will level the contracting field, bring thousands of jobs and open up opportunities for a wider range of small businesses.”

Last January, Senator Price brought together at the State Capitol small business owners from throughout California to weigh in on impediments to their successful and robust participation in the California High Speed Rail project.

Throughout the past year, Senator Price has led the effort to ensure that the California High Speed Rail Authority sets standards for small business involvement in contracting during all phases of this massive public works project by holding Town Hall meetings, authoring legislation and sponsoring informational hearings of the Senate Select Committee on Procurement.

“Small businesses really remain the economic engine of our state,” explained Senator Price.  “But we must ensure opportunities for these businesses as well as communities in California that need inclusion the most.  It is critical that the High Speed Rail Authority make the right decisions to ensure fair representation for disadvantaged businesses on this major project,” he said.  “By its unanimous vote in favor of the DBE goal, the Authority has proven its commitment to this important issue.”

Categories: Investments

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