Expands the definition of 'minority business enterprise' and 'minority group member' to explicitly include lesbian, gay, bisexual, transgender or non-binary individuals, and gives loan preference to employee-ownership projects with a majority of such members, increasing state assistance for their ES
have a membership consisting of a majority of minority, lesbian, gay, bisexual, transgender, or non-binary members;
✓ Quote verified word for word in the bill text
Filed (completed)
Committee
Passed one chamber
Passed both
Governor
Law
Status: Died (session ended)
Last action
2026-01-07: REFERRED TO COMMERCE, ECONOMIC DEVELOPMENT AND SMALL BUSINESS
Why the model tagged it this way: The bill amends multiple statutes to add lesbian, gay, bisexual, transgender and non-binary individuals to the definitions of 'minority group member' and 'minority business enterprise' (expanding their eligibility for related state programs) and to give explicit loan preference to employee-ownership projects with a majority of such members; it also broadens the scope of businesses the state must identify and assist. No provisions address firearms, abortion, immigration enforcement, or any other listed subtags.
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