S 3031 New Jersey Senate · 2024-2025 Regular Session

Removes principal place of business requirement of "Set-Aside Act for Disabled Veterans' Businesses.

This bill removes the requirement that a business must have its principal place of business in New Jersey to qualify as a "disabled veterans' business" under the state's set-aside program. It allows businesses independently owned and at least 51% controlled by disabled veterans, or those verified by the U.S. Department of Veterans Affairs as service-disabled veteran-owned, to compete for state contracts without needing a New Jersey location. The change aims to expand the pool of eligible businesses, helping state agencies meet their goal of awarding at least 3% of contracts to disabled veterans' businesses.
Bill status in committee 1 of 4 stages cleared
Introduction
Apr 2024
Committee Review
Floor Vote
Governor
Introduced Apr 8, 2024 Last action Apr 8, 2024
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Apr 8, 2024
Introduced
Introduced in the Senate, Referred to Senate Military and Veterans' Affairs Committee
upper
2 primary · 0 co-sponsors

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