Socially and economically disadvantaged small business; establish program to encourage participation in state contracts by.

SB 2799, the "Opportunities for Diversity in Contracting Act," establishes a program (ODC) administered by Mississippi's Development Authority to increase participation of socially and economically disadvantaged small businesses in state contracts. It requires state agencies to appoint ODC compliance officers, set procurement goals for contracting with certified ODC businesses (defined as those with net worth under $750,000 meeting federal standards), and include specific language in contracts encouraging vendors to work with certified ODC businesses. The bill also creates a certification process, a waiver system for agencies unable to meet goals, and data-tracking mechanisms. The bill died in committee on February 4, 2025, and never became law.