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Governor Andrew Cuomo signed a new law last week, awarding 6 percent of state contracts to businesses owned by disabled veterans. This Service-Disabled Veteran-Owned Business Act will affect the nearly 106,000
service-connected disabled veterans who live in New York state, according to the
US Department of Veterans Affairs.
5 things that the Service-Disabled
Veteran-Owned Business Act aims to achieve:
- Create the Division of Service-Disabled Veterans’ Business Development within the Office of General Services.
- Compile a public directory of businesses owned by disabled veterans.
- Annual progress reports on meeting the 6 percent goal.
- Extend the Jobs for Heroes program and the Hire-a-Vet tax credit.
- Certify eligible businesses that are allowed to bid on state contracts.