State educational institution supplier diversity.
Indiana educational institutions must establish supplier diversity programs prioritizing procurement from minority-owned, women-owned, and disadvantaged businesses with tracking requirements.
Indiana educational institutions must establish supplier diversity programs prioritizing procurement from minority-owned, women-owned, and disadvantaged businesses with tracking requirements.
HB 1046 requires Indiana state educational institutions to implement supplier diversity programs that promote procurement from minority-owned, women-owned, and disadvantaged businesses. The bill establishes standards and reporting requirements for state universities and colleges to track and increase their spending with diverse suppliers.
Educational institutions control substantial procurement budgets that significantly impact local economies. Supplier diversity programs can help reduce wealth and opportunity gaps by directing institutional spending toward historically underrepresented business owners, while potentially improving competition and service quality in the vendor marketplace.
Compiled from official sources — confirm details with the bill’s official record.
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