Bill to assist veteran-owned businesses introduced
Published on 05/16/2012
New York State Senator Jack M. Martins has introduced a bill in the New York State Senate (S.6627) to promote the participation of veteran-owned businesses in the performance of state contracts.
Under the bill, three percent of all contracts from state contracting agencies would be awarded to veteran-owned businesses, ensuring that certified, veteran-owned businesses be given the opportunity to participate in the performance of state contracts. A veteran-owned business is described an a business enterprise that is at least 51 percent owned by a veteran who is a resident of New York State and has served on active duty in the United States Armed Forces.
"Our veterans have made a tremendous commitment to our state. They have served admirably and bravely across the globe and in harm's way in defense of our freedom. This is a measure we can take to promote business for veterans who have given so much for our country," said Senator Martins. "It would be unfortunate to lose some of our bravest men and women to other states because they can?t earn a living right here where they grew up."
If enacted into law, the program would be administered by the Division of Veteran-owned Business Development in the Department of Economic Development.
