SBDC leaders discuss equity in procurement and local business support strategies

In a recent meeting of the California State Assembly's Committee on Economic Development, Growth, and Household Impact, the conversation buzzed with the potential for targeted interventions to unlock the state’s economic capabilities. The atmosphere was charged with a sense of urgency as committee members emphasized the need to support innovative individuals who are eager to contribute but often lack the necessary resources or guidance.

One member passionately highlighted the invaluable role of the Small Business Development Center (SBDC) in bridging these gaps. “There are people hungry to put their innovations, their ideas, their solutions out there,” they noted, pointing out that many face barriers—be it cultural, economic, or regional—that hinder their access to essential services. The discussion underscored the importance of fostering entrepreneurship not just for individual success but for the betterment of society as a whole.

The committee explored various strategies to enhance equity and opportunity, particularly in procurement processes. Drawing inspiration from successful initiatives in other regions, members discussed the potential for California to adopt similar policies. One notable example was the equity and procurement policy recently implemented by Supervisor Montgomery Stepp, which set ambitious procurement goals that have already exceeded expectations.

With over 100 business advisors within the SBDC network actively engaging with local businesses, the committee recognized the critical role of local government in navigating economic uncertainties, including tariffs and unfamiliar policies. The dialogue emphasized the need for collaboration between state leadership and local entities to ensure that financial resources remain within communities, ultimately fostering a more resilient local economy.

As the meeting drew to a close, the committee members were left contemplating the next steps in their mission to empower communities and stimulate economic growth. The discussions not only highlighted the challenges faced but also illuminated a path forward, one that could transform the landscape of California’s economy through innovation, equity, and local support.