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Legislation supported by local lawmakers and aimed at boosting businesses owned by disabled veterans passes Assembly

Posted 3/31/14

Legislation aimed at boosting businesses owned by disabled veterans has passed the state Assembly and needs only the governor's signature to become law. The Service-Disabled Veteran-Owned Business …

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Legislation supported by local lawmakers and aimed at boosting businesses owned by disabled veterans passes Assembly

Posted

Legislation aimed at boosting businesses owned by disabled veterans has passed the state Assembly and needs only the governor's signature to become law.

The Service-Disabled Veteran-Owned Business Act would set a goal of awarding 6 percent of state contracts to service-disabled veteran-owned businesses.

Assemblywoman Addie Russell supported the act in the house Sens. Patty Ritchie and Joe Griffo voted in favor when it passed the Senate.

The act will also establish the Division of Service-Disabled Veterans’ Business Development within the Office of General Services. OGS, in turn, will train recruiters to solicit the contracts and also advise the targeted business owners in how to get them.

For a small business to qualify, it must be at least 51 percent owned by a service-disabled veteran who controls the day-to-day operations. Eligible veterans must have at least a 10 percent compensation rating and received an honorable or general discharge.

A news release from Russell's office notes that 19,000 of the state's 900,000 veterans live in St. Lawrence and Jefferson counties.