Maryland Governor Signs New VOB Law Making it the Newest Vetrepreneur-Friendly State

omalley

Maryland Governor Martin O'Malley signed new legislation that will improve the operating environment for veteran-owned businesses Thursday, May 20.

SB 171/HB359: Procurement - Service-Disabled Veteran Business Enterprise Participation This bill establishes a procurement preference program in which, beginning July 1, 2012, each State agency tries to award 0.5% of the value of its procurement contracts to small businesses owned and operated by veterans. To participate in the program, veteran-owned businesses must be verified by the Center for Veterans’ Enterprise within the U.S. Department of Veterans Affairs.

 

 

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