A bill that expands veteran-owned small business opportunities in Indiana was signed by Governor Mike Pence Thursday.
Senate Enrolled Act 564 requires the Department of Administration to procure at least three percent of state contracts with veteran-owned small businesses. It also requires the Department of Administration to adopt rules, develop policies and set forth guidelines regarding contracting opportunities for veteran-owned small businesses. A report of state contracts with Hoosier veteran-owned small businesses must be filed annually.
This is Pence’s third Roadmap bill signed into law this legislative session. Governor Pence’s Roadmap outlines his vision to continue Indiana on a pathway to success through fiscal responsibility, economic development and educational opportunity for every Hoosier child.