An Act relative to public procurement and inclusive entrepreneurship

This bill requires state agencies and large hospitals or universities to report on their spending with minority-owned businesses. It mandates that these "anchor institutions" submit annual reports detailing their supplier diversity policies and the specific share of loans, grants, and services provided to certified minority-owned enterprises. Additionally, the bill directs the Secretary of Housing and Economic Development to create a strategic plan that addresses racial and ethnic disparities in employment and business ownership. These changes aim to increase transparency and encourage inclusive procurement practices within the state's major economic institutions.