NaVOBA State Tracker:
New Jersey
Rank: 2 Stars
Description:
Bill A3308 charges the state's Treasury Department to work in conjunction with the state Economic Development Authority and the state Department of Military and Veterans Affairs to encourage "opportunities for veteran-owned businesses in state purchasing and procurement processes." It also calls on those departments to "identify strategies to expand the number of veteran-owned businesses interested in and eligible to benefit from state procurement activity." It established the goal that contracting agencies award at least 3% of their contracts to veteran-owned businesses and give due consideration to veteran-owned businesses in awarding contracts.
The "Set-Aside Act for Disabled Veterans' Businesses" required three qualified bidders to set aside a contract. Governor Phil Murphy signed
S2249/A4211 on January 16, 2024, which revises the number of disabled veterans’ businesses required to designate a set-aside contract from three to two.
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Our Mission
NaVOBA’s mission is to create corporate contracting opportunities for America’s Veteran’s and Service-Disabled Veteran’s Business Enterprises® (VBEs/SDVBEs) through certification, advocacy, outreach, recognition and education.
Thank you for your interest in the National Veteran Owned Business Association’s Certified Veteran’s Business Enterprise® (VBE) and Certified Service-Disabled Veteran’s Business Enterprise® (SDVBE) programs. This initiative creates a nationally recognized gold standard in certification for veteran-owned businesses of all sizes and enables corporate America to proactively source and confidently utilize businesses that are at least 51% owned, operated and controlled by U.S. military veterans.
