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Connecticut looks to set aside 5% of state contracts for Veterans

Connecticut is looking to set aside 5% of state contracts for Veteran-owned businesses according to a report from The Day military news outlet.  While it makes sense on the surface, the proposal has been voted down before.  The big issue is whether or not enough Veteran-owned businesses exist in the state to support such a legislation.  Although Rep. Stephen Harding, the bill’s author argues there are, some are not convinced.

According to Michael  Zacchea, Connecticut Veterans Chamber of Commerce “there are 31,000 veteran-owned businesses in Connecticut and 10,000 partially owned veteran businesses. A veteran-owned business is defined as one that is 51 percent owned by a veteran or veterans.”  This may be true, but it is hard to quantify how many of those 31,000 can handle the job of a state contract.

As an outsider, I have no idea how much in total spend this means for Connecticut, but I support it nonetheless.  If there aren’t enough veteran organizations to support the 5% goal, this makes it a desirable place for veteran owned companies in other areas to move to.  It is an excellent selling point and can be a measuring stick for alot of veteran organizations looking to expand their business.  Maybe partnerships or mergers will happen to account for the excess money.

With 5%, many positives things can happen for the veteran community and I believe the lack of support from the state is terrible.  Currently less than 30 states have legislation pending or passed for veteran owned businesses.  Why there aren’t more is a huge question we must all asked and honestly be upset with the answer.  Veteran owned businesses need more support and more opportunities, and it’s up to us to promote it.

http://www.theday.com/military/20170113/bill-aims-to-set-aside-state-contracts-for-veteran-owned-businesses

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