Bill > A699

Introduced Session

The "Set-Aside Act for Disabled Veterans' Businesses" defines a disabled veterans' business as a business which has its principal place of business in the State, is independently owned and operated, and at least 51% of which is owned and controlled by persons who are disabled veterans, or a business which has its principal place of business in this State and has been officially verified by the United States Department of Veterans Affairs as a service disabled veteran-owned business for the purposes of department contracts pursuant to federal law. The act also includes a goal that contracting agencies will award at least 3% of their contracts to disabled veterans' businesses. This bill removes the requirement that the businesses have a principal place of business in the State of New Jersey. This change may increase the pool of businesses and subcontractors eligible to compete for the State contracts, which may help contracting agencies meet the goal that they award at least of 3% of their contracts to disabled veterans' businesses.

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Mike Torrissi (R)*,  Antwan McClellan (R),  Erik Simonsen (R), 

Introduced, Referred to Assembly Military and Veterans' Affairs Committee (on 01/09/2024)

Official Document