Disabled veteran-owned businesses have had a $250,000 cap when bidding for California contracts through a streamlined bidding process, weakening their ability to compete with their big business counterparts.
Now, AB 632 from Assemblyman Dante Acosta, R-Santa Clarita, looks to double the streamlined bidding process amount from $250,000 to $500,000, meaning new opportunities and jobs for disabled veteran-owned businesses.
“Disabled veterans have given selflessly to our country and community,” Acosta said. “It’s only right we allow them greater freedom to compete with big corporations for contracts that will enable their businesses to succeed.”
The State of California has committed to supporting disabled veteran-owned businesses via a target of 3% of state contract spending. AB 632 will help the State meet this target by expanding access to state contracts by doubling the maximum threshold cap from $250,000 to $500,000 through the streamlined bidding process.
Assemblyman Dante Acosta represents the 38th Assembly District stretching from Vasquez Rocks in Agua Dulce to the Ronald Reagan Library in Simi Valley, which encompasses the communities of Santa Clarita, Porter Ranch, Chatsworth and Northridge.
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