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IN to Implement 3% Contracting Goal for Veteran-Owned Businesses

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Indianapolis – Governor Mike Pence today announced the next step in helping veterans do more business with the state, encouraging them to register their Indiana small businesses as veteran-owned. Beginning July 1, the state will implement a 3 percent state contracting goal for veteran-owned businesses.
“Expanding business opportunities for the men and women who have made tremendous sacrifices to protect our freedom is right for them and right for the state,” said Governor Pence. “It will help our veterans find success, improve our state’s workforce and increase private sector employment in Indiana.”
The Governor first outlined the state’s contracting goal for veteran-owned businesses last summer, and established the 3 percent target when he signed Executive Order 13-04 on his first day in office.
In April, Governor Pence signed Senate Enrolled Act 564, which codified the executive order  requiring the Department of Administration (DOA) to procure at least 3 percent of state contracts with veteran-owned small businesses (VOSBs). The law also requires the DOA to adopt rules, develop policies and set forth guidelines regarding contracting opportunities for VOSBs.
Veteran-owned businesses that are not registered with DOA should go to  http://www.in.gov/idoa/2464.htm and complete the instructions to become registered vendors. Although the law does not take effect until July 1, veteran-owned businesses should have their status in place for any new contract bidding opportunities that become available at that time.
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