NaVOBA State Tracker:
Tennessee
Rank: 2 Stars
SB 1224/HB 1276, as enacted, adds "businesses owned by persons with disabilities" to the Tennessee Minority-Owned, Woman-Owned and Small Business Procurement and Contracting Act; requires that the annual report made by the chief procurement officer concerning the awarding of purchases to minority-owned business, woman-owned business, service-disabled veteran-owned business, or small business and the total value of awards made also include the total dollar amount of purchases awarded to all businesses in this state. - Amends TCA Title 4 and Title 12. "Tennessee service-disabled veteran" is a veteran with at least a 10 percent service-connected disability instead of a 20 percent service-connected disability. This amendment removes the provision of Senate Amendment #3 that specifies that a Tennessee service-disabled veteran-owned businesses would include a business solely owned by one service-disabled veteran and the veteran's spouse if the service-disabled veteran owns at least 50 percent of the business.
Under present law, all state agencies are required to actively solicit bids and proposals for equipment, supplies, personal services, professional services, consulting services, construction contracts, and architectural and engineering services from minority-owned, woman-owned, and small businesses to strive to obtain a fair proportion of procurements from minority-owned, woman-owned and small businesses. This bill extends this provision to veteran-owned businesses.
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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.
