Establishes a program for granting preferences to small businesses in state procurement; applies to small disadvantaged businesses certified by the U.S. Small Business Administration, state-certified emerging small businesses, and others as defined by rule; requires the Oregon Department of Administrative Services (DAS) to identify public contracts that are suitable for small business participation, to create strategies to encourage such participation, to suggest improvements to existing preference programs, and to establish goals and implement a plan for eliminating disparities identified in the 2023 Oregon Disparity Study; allows the state to restrict certain contracts to small businesses only; requires DAS to collect data and report annually to the Governor and Legislature on the magnitude and varieties of small business participation in state procurement. AMENDED - now applies to "Oregon small business enterprises," as defined by the Oregon Business Development Department, which will issue certifications based on eligibility criteria to be determined by rule; requires eligibility criteria to specify the maximum number of employees, maximum revenue, location of operation, and other requirements.