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S. 730

STATUS INFORMATION

Concurrent Resolution
Sponsors: Senators Reese, McConnell, Ford, Moore, Anderson, Ritchie, Knotts, Land, Verdin, O'Dell, Mescher, Holland, Setzler, Patterson, Peeler, Glover, Drummond, Matthews, Alexander, Fair and Branton
Document Path: l:\council\bills\dka\3615dw03.doc

Introduced in the Senate on May 29, 2003
Currently residing in the Senate Committee on Finance

Summary: Small businesses in the state, expression of appreciation

HISTORY OF LEGISLATIVE ACTIONS

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
   5/29/2003  Senate  Introduced SJ-7
   5/29/2003  Senate  Referred to Committee on Finance SJ-7

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

5/29/2003

TO DEMONSTRATE THE APPRECIATION OF THE MEMBERS OF THE SOUTH CAROLINA GENERAL ASSEMBLY TO SMALL BUSINESS OWNERS IN THIS STATE, TO EMPHASIZE THE IMPORTANCE OF SMALL BUSINESSES ON THE STATE'S ECONOMY, AND TO URGE THE SOUTH CAROLINA BUDGET AND CONTROL BOARD, ALL STATE AGENCIES, ALL PUBLICLY FUNDED INSTITUTIONS, AND ALL LOCAL UNITS OF GOVERNMENT TO DEVELOP A CENTRAL REPOSITORY FOR ALL CONTRACTS ENTERED INTO BY THESE ORGANIZATIONS FOR THE PURPOSE OF DOCUMENTING EFFORTS BY THESE GROUPS TO DO BUSINESS WITH SMALL BUSINESSES OWNED BY SOUTH CAROLINA RESIDENTS.

Whereas, approximately 52 percent of businesses in South Carolina have fewer than five employees, 85 percent have fewer than twenty employees, and 98 percent have fewer than one hundred employees; and

Whereas, 325,000 residents of this State are small business owners who have established their organizations as sole proprietorships, partnerships, limited liability corporations, and S corporations; and

Whereas, those businesses pay $267,000,000 in state income tax on their business profits, while in-state corporations pay only $111,000,000 in corporate income tax in South Carolina; and

Whereas, most small businesses do not qualify for any economic development incentives offered by state and local governments; and

Whereas, every year, the State of South Carolina and several local governments enter into million-dollar contracts for goods and services with private companies, but there is no accurate assessment of the public contracts that are awarded to in-state small businesses because there is no central repository of information; and

Whereas, the South Carolina General Assembly recognizes the importance of our in-state small businesses and wishes to promote small business growth and development. Now, therefore,

Be it resolved by the House of Representatives, the Senate concurring:

That the members of the General Assembly demonstrate their appreciation of small business owners in this State, emphasize the importance of small businesses on the state's economy, and urge the South Carolina Budget and Control Board, all state agencies, all publicly funded institutions, and all local units of government to develop a central repository for all contracts entered into by these organizations for the purpose of documenting efforts by these groups to do business with small businesses owned by South Carolina residents.

Be it further resolved that the state's Procurement Code be developed into an important vehicle for promoting the growth and development of small businesses, emphasizing the need to amend the Procurement Code such that it requires publicly funded groups to provide detailed explanations for awarding contracts to companies other than those considered in-state small businesses.

Be it further resolved that a copy of this resolution be forwarded to the members of the South Carolina Budget and Control Board, the directors of all state agencies, directors of all publicly funded institutions in South Carolina, and the chief administrators of all local units of government.

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