FOR IMMEDIATE RELEASE 12/08/2014
REP. REYNOLDS FILES HB 470 TO PROMOTE SMALL BUSINESS GROWTH AND CREATE MORE JOBS IN TEXAS
AUSTIN(December 8, 2014)-- Today, In preparation of the upcoming 84th Legislative Session, starting January 13, 2015, Representative Reynolds(Fort Bend County), filed House Bill 470 which will require the comptroller and state agencies to give preferences to small businesses when purchasing goods or services with a value less than $500,000.00.
"I recognize that small businesses are critical to our economic strength and stability of this state, they are the backbone of our economy. This bill will provide crucial opportunities for our small businesses and will ensure that they can continue to expand and thrive", stated Reynolds.
Small businesses represent 98.7 percent of all employers and employ 46.4 percent of the private-sector labor force. Small businesses are crucial to the fiscal condition of the state and numbered over 2.3 million in 2012. In addition they employ over 4 million people every year.
I look forward to working with my colleagues in the House to move this bill forward so that we can develop good policies that will create more jobs and expand economic prospects for our small business owners", commented Reynolds.