Government Building Columns

Economic Equity First Act of 2021 (AB 915)

On February 18, 2021, Assemblymember David Chiu introduced the Economic Equity First Act of 2021 (AB 915). The California Asian Pacific Chamber of Commerce worked closely with the Assemblymember's office to develop this legislation, which increases access to procurement opportunities for small, minority and women-owned, and disabled veteran-owned businesses. The CalAsian Chamber is joined by the California Hispanic Chambers of Commerce and the California African American Chamber of Commerce in co-sponsoring and supporting this landmark legislation.


AB 915 will require all state agencies, departments, boards, and commissions to achieve a minimum goal of 25% for minority, small business, and disabled veteran business participation in state procurement and contracts. This is based on a recognition that small businesses make up 99.8% of all California businesses and contribute significantly to the economy, accounting for 7 million employees across the State. Of California’s 4.1 million small businesses, 1.2 million, or 29%, are minority owned.


Policy Alert: Onto the Senate!

  • Today, Assembly Bill 915, authored by David Chiu, passed out of the Assembly on a vote of 62-0! Read our Policy Alert newsletter to learn more!

  • We are very proud and excited to report that AB 915 (Chiu) cleared its last policy committee hearing in the Senate and the next step is Senate Appropriations. Read More

Why this is needed:

  • Of the state’s 231 agencies, only 12 have adopted a small business or disabled veterans business enterprise policy

  • California collectively purchases between $8 billion to $10 billion in goods and services annually. If 25% were set aside for small businesses, it would be a crucial revenue stream

State Treasurer Fiona Ma's Letter of Support