FOR IMMEDIATE RELEASE 02/02/2015
REYNOLDS FILES LEGISLATION TO CREATE A FUND AT TXDOT TO ASSIST DISADVANTAGED BUSINESSES COMPETE IN THE MARKETPLACE
State Representative Ron Reynolds (Fort Bend-District 27) recently filed HB 880, creating a disadvantaged business assistance program to be operated by the Texas Department of Transportation. As a small business owner, Rep. Reynolds believes state agencies can play a vital role in assisting businesses that are identified as disadvantaged.
HB 2326 is a bill that allows the Texas Department of Transportation to establish a fund to provide financing to stimulate the development of businesses that are identified as disadvantaged. This legislation seeks to assist economically disadvantaged business owners and those whom access to financial opportunities has hampered their ability to compete in the free enterprise system. The objective is to help them build capacity and ultimately create more jobs.
Rep. Reynolds said, "I believe that we should have programs crafted to remove barriers in state agency contracting, as well as, developing disadvantage businesses, so that they can compete successfully in the marketplace."
Rep. Reynolds looks forward to working with his colleagues in the House and Senate to move this important economic development legislation forward. This will provide another tool for TXDOT to assist economically disadvantaged businesses participate in state contracts.