New Jersey S2522 establishes a price preference program for service-disabled veteran-owned businesses on state contracts.
New Jersey S2522 establishes a price preference program for service-disabled veteran-owned businesses competing for state contracts. The bill defines a "qualified disabled veterans' business" as an independently owned and operated business in the state, at least 51 percent owned and controlled by disabled veterans, with management and daily operations controlled by disabled veterans or their spouses if the veteran has a permanent and severe disability. If such a business is the lowest bidder with the preference, a state agency must enter into a procurement contract with it.
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