Passed in 2010,Senate Bill 5041encourages that 3% of procurement contracts be rewarded to veteran-owned businesses. Its procedures and guidelines shall "include a plan to ensure that minority and women-owned firms and veteran-owned firms are afforded the maximum practicable opportunity to compete for and obtain public contracts for services." It also requires the state to reach out to veteran- and service-member-owned businesses, informing them of opportunities to compete for state contracts.
The Linked Deposit Programimproves access to capital for verified VOBs by decreasing interest rates on small business loans by up to 2 percent.
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.