Legislation to help service-disabled veteran owned small busines - NEWS10 ABC: Albany, New York News, Weather, Sports

Legislation to help service-disabled veteran owned small businesses intorduced


ALBANY, N.Y.— An agreement on legislation to facilitate the awarding of six percent of state contracts to service-disabled veteran owned small businesses was announced Thursday.

The federal government's goal for awarding contracts to veteran-owned businesses is only three percent and no other state in the nation offers as robust a program which includes set-aside contracts to these small businesses.

The proposed legislation will also create a Division of Service-Disabled Veterans' Business Development within the Office of General Services (OGS) that would coordinate the program and encourage State agencies to provide additional opportunities for Veterans to participate more equitably in State contracting.

"Increasing economic opportunities for New York's service-disabled veterans is a tremendous way to thank the brave men and women of our armed forces for their sacrifice. I am proud that New York is leading the nation on this issue, and I thank the leaders of the Legislature for helping to make this bill a reality," said Governor Cuomo.

New York is home to nearly 900,000 veterans, 72 percent of whom have served during periods of conflict.

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