Rail Authority Sets New Policy

SACRAMENTO-The California High-Speed Rail Authority has begun the process of establishing a policy encouraging participation in project contracts by small businesses and Disabled Veteran Business Enterprises. The policy will be circulated to key stakeholders and small business organizations throughout the state, and will return to the board for approval at a future meeting.

“Small businesses are the backbone of California’s economy, making up 90% of all businesses in the state,” says Curt Pringle, chairman of the California High-Speed Rail Authority. “We are going to be spending more than $40 billion on contracts to construct a statewide high-speed rail system and we need to strongly include small businesses in that equation.”