Bill > A2351

Introduced Session

This bill removes the requirement that the owner of a veteran or disabled veteran-owned business must be a New Jersey resident for the business to qualify as a veteran or disabled veteran-owned business. The change only applies to small and medium-sized businesses, as determined by the New Jersey Economic Development Authority. Under current law, to qualify and be certified as a veteran-owned or disabled veteran-owned business, 51 percent of the business, among other requirements, must be owned and controlled by persons who are a New Jersey resident and a veteran or disabled veteran. By removing the residency requirement, this will permit small and medium-sized veteran and disabled veteran-owned business owners residing in other states but with a business physically located in New Jersey to compete for New Jersey contracts. This will increase veteran and disabled veteran business opportunities in general and in particular within the State.

AI Summary

Committee Categories

Chris Tully (D)*, 

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

Official Document