Removes residency requirement for certain veteran and disabled veteran-owned businesses.

Bill A 3045 removes the requirement that owners of veteran and disabled veteran-owned businesses must be New Jersey residents to qualify for certification. The change applies only to small and medium-sized businesses as defined by the New Jersey Economic Development Authority. It allows businesses with their principal place of business in New Jersey to be certified as veteran-owned or disabled veteran-owned even if the owners live in another state. This enables out-of-state veteran and disabled veteran business owners to compete for New Jersey state contracts.