Legislation (A-3308/S-2314) sponsored by Senator Christopher J. Connors, Assemblyman Brian E. Rumpf and Assemblywoman DiAnne C. Gove developed to provide assistance to veteran-owned businesses in the process of securing state contracts has been signed into law.
The 9th District Delegation’s initiative, entitled the “Veteran-Owned Business Assistance Act,” now enacted, states that the Department of Treasury shall encourage veteran-owned businesses to participate in State procurement and contracting.
In giving due consideration to veteran-owned businesses in the awarding of contracts, the Department of the Treasury will now monitor policies, practices, and programs in consultation with the Economic Development Authority (EDA) and the Department of Military and Veterans Affairs (DMAVA) to further the State’s efforts in encouraging opportunities for veteran-owned businesses in State purchasing and procurement processes.
Treasury, in consultation with the EDA and DMAVA, will be required to identify strategies to expand the number of veteran-owned businesses interested in and eligible to benefit from State procurement activity.
Following the enactment of their veterans’ legislation, the 9th District Delegation issued the following statement:
“With the enactment of this legislation, New Jersey will expand upon its ongoing efforts to provide veterans with more economic opportunities in the state. Our efforts were undertaken to address the very serious issue in which many veterans, through no fault of their own, have found themselves at an economic disadvantage in this difficult job market, on account of the significant commitments involved with serving our country.
“Now, the state will begin the process of establishing a long-term plan to expand the number of veteran-owned businesses actively participating in state purchasing and procurement processes. We believe that beyond just rewarding these individuals for their sacrifice and service to our nation, the state will benefit tremendously from the professionalism, determination and commitment to excellence these veterans will bring to meeting the obligations of any state contracted service.
“Especially in the midst of these trying economic times, it is the country’s moral obligation to ensure that our veterans are able to pursue economic opportunities and enjoy the quality-of-life that the rest of us enjoy on account of the sacrifices made by these brave individuals.”
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