Historically Underutilized Business Opportunity Act Passes House
Bill creates equitable opportunities for women and minority-owned small businesses
Santa Fe, N.M. – Today, legislation stimulating the growth and development of women and minority-owned businesses passed the New Mexico House of Representatives.
Sponsored by Rep. Linda Serrato (D - Santa Fe) and Rep. Antonio "Moe" Maestas (D-Albuquerque), House Bill 82: The Historically Underutilized Business Opportunity Act would encourage state agencies’ use of historically underutilized businesses (HUBs) in New Mexico, including those owned by women and minorities.
“With this legislation, we are leveling the playing field for businesses that have been historically marginalized,” said Rep. Linda Serrato (D-Santa Fe) “New Mexico is a minority-majority state, and diversification of our economy means supporting our minority-owned businesses. I am proud to see this bill move out of the House and on to the Senate.”
Rep. Antonio "Moe" Maestas (D-Albuquerque) added: “Our minority and women-owned businesses are the backbone of our communities. By providing them the necessary resources, a distinction as HUBs, and a way to subcontract with large contractors, we are giving them the tools to flourish and help build our economy.”
House Bill 82 passed the New Mexico House of Representatives by a vote of 52-15 and now goes to the Senate for consideration.
House Bill 82 would require that small businesses be more than 50% owned by women or African American, Latino or Hispanic, Asian, Pacific Islander, Native American, or Alaska Native individuals to be eligible for the Act. Amendments to the bill would require state agencies to report on any subcontracts made to HUBs for the purchase of goods and services and to track those total dollar amounts.
Members of the public can track legislation on the New Mexico Legislature website, access committee meetings and House floor sessions via the Webcasts tab, or participate by Zoom to provide public comment on committee hearings. During the 2021 Legislative Session, the House of Representatives is focused on passing critical legislation while protecting the health and safety of the public, the staff, and the legislators.