Increases the statewide goal for participation on state contracts by service-disabled veteran-owned business enterprises from six to eight percent.
Impact
The bill's passage is expected to have a considerable impact on the procurement practices of state agencies, mandating them to prioritize service-disabled veteran-owned businesses when awarding contracts. By implementing this higher participation goal, the bill seeks to create a more level playing field for these businesses, which may have faced challenges in competing against larger, more established entities. This change reflects a growing recognition of the important role that veteran-owned businesses play in both the economy and community development.
Summary
Bill S09594 aims to significantly increase the statewide goal for participation of service-disabled veteran-owned business enterprises in state contracts from the current six percent to twenty percent. This legislative move is intended to enhance opportunities for veteran entrepreneurs, fostering their inclusion and participation in government procurement processes. It underscores the state's commitment to support veterans who have become business owners after serving in the military, recognizing their sacrifices and contributions to the country.
Contention
While the bill is broadly supportive of improving opportunities for service-disabled veteran-owned businesses, it may face scrutiny regarding the implications for state contracting policies. Critics may raise concerns about whether the increase in the goal could lead to a reduced emphasis on quality or price in contract awarding processes. Additionally, there might be discussions on how state agencies can effectively implement and monitor the new percentage goal without creating bureaucratic challenges that could hinder swift contract fulfillment.
Same As
Increases the statewide goal for participation on state contracts by service-disabled veteran-owned business enterprises from six to eight percent.
Requires that certain contracts let by the office of general services be reserved for small businesses, including minority-owned business enterprises and women-owned business enterprises.
Requires that public contracts be divided by size into large, medium, small and micro contracts for the purpose of increasing opportunities for small businesses, including minority-owned business enterprises and women-owned business enterprises, to participate in state contracts.
Requires contractors receiving public funds to pay amounts owed to small businesses and minority-owned business enterprises within 10 days of receipt of an undisputed invoice generated by a small business, minority-owned business enterprise or vendor management service and managed service provider on behalf of the small business or minority-owned business enterprise.
Requires contractors receiving public funds to pay amounts owed to small businesses and minority-owned business enterprises within 10 days of receipt of an undisputed invoice generated by a small business, minority-owned business enterprise or vendor management service and managed service provider on behalf of the small business or minority-owned business enterprise.
Enacts the lift our communities advertise locally (LOCAL) program which provides a tax credit on advertising for locally owned minority-owned and women-owned business enterprises, certified service-disabled veteran-owned business enterprises or a small business.
Enacts the lift our communities advertise locally (LOCAL) program which provides a tax credit on advertising for locally owned minority-owned and women-owned business enterprises, certified service-disabled veteran-owned business enterprises or a small business.
Authorizes agencies to procure goods, services and construction from special veteran emerging business enterprises; defines special veteran emerging business enterprises.
Authorizes agencies to procure goods, services and construction from special veteran emerging business enterprises; defines special veteran emerging business enterprises.