Removes principal place of business requirement of "Set-Aside Act for Disabled Veterans' Businesses."
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Progress
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- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill removes a requirement from the ‘Set-Aside Act for Disabled Veterans’ Businesses’ that businesses have a principal place of business located in New Jersey. Currently, businesses needed to be based in the state to qualify for contracts. This change could broaden the pool of eligible businesses and subcontractors, potentially helping state agencies meet their goal of awarding at least 3% of contracts to veteran-owned businesses.
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