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- Published: Thursday, March 28, 2019 03:50 PM
SPRINGFIELD – More veteran-owned businesses would secure state contracts under a measure sponsored by Assistant Majority Leader Tony Munoz (D-Chicago).
“We need to do our best to foster veteran-owned businesses in our state,” Munoz said. “This is a valuable commitment to veterans who are establishing themselves after serving our country.”
Senate Bill 1680 allows chief procurement officers to set aside a fair proportion of construction, supply or service contracts for veteran-owned businesses, and was approved by the Senate on Thursday.
Currently, state agencies have a goal of awarding at least 3 percent of state contracts to veteran-owned businesses.
In order to be considered a veteran-owned or disabled veteran-owned business, it must be at least 51 percent owned by one or more veterans or service-disabled veterans.
The proposal heads to the House consideration.