Small Business Majority supports California Senate Bill 534

Date: 
Thursday, April 11, 2019

Small Business Majority writes in support of SB 534, which encourages supplier diversity across insurance industries in California, creating opportunities for minority-owned small businesses. Minority small business ownership is growing at a significantly higher rate than other small businesses, and diverse entrepreneurs in particular represent enormous economic power within California. This legislation will ensure more dollars spent by California’s insurance companies go to businesses owned by diverse entrepreneurs, strengthening the state's economy overall.