SB2657 aims to enhance participation of veteran-owned small businesses in Illinois state procurement.
SB2657 amends the Illinois Procurement Code to set a goal of awarding at least 3% of state contracts to service-disabled veteran-owned small businesses (SDVOSB) and veteran-owned small businesses (VOSB). The Commission on Equity and Inclusion is tasked with developing registration procedures to recognize certifications from local governments, maintaining a list of certified businesses, and assisting in their participation in state contracts. The bill also mandates annual reporting on the number and value of contracts awarded to these businesses.
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