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New Law Seeks to Assist Disabled Veteran-Owned Businesses
New York is home to more than 900,000 veterans, and some estimates indicate that as many as 72 percent have seen combat. Additionally, New York is home to about 30,000 active-duty military personnel, as well as 30,000 National Guard and Reservists. Many returning vets choose to start up their own small businesses upon return. In […]
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New York is home to more than 900,000 veterans, and some estimates indicate that as many as 72 percent have seen combat. Additionally, New York is home to about 30,000 active-duty military personnel, as well as 30,000 National Guard and Reservists.
Many returning vets choose to start up their own small businesses upon return. In fact, New York has the fourth highest number of veteran-owned small businesses in the country. The New York Legislature recently passed the “Service Disabled Veteran-Owned Business Act,” and Governor Cuomo signed it into law. The goal is to increase participation of service-disabled veteran-owned business and award up to 6 percent of all state contracts to such businesses.
I was pleased to vote in support, and in fact, I co-sponsor a similar measure called NY Jobs for Heroes. I was pleased that many aspects of that measure were integrated into the governor’s program bill and signed into law. This law contains one of the more meaningful reforms New York has made to help veterans in recent years.
The new state law is similar to legislation that has passed in more than 40 other states. It also mirrors federal legislation that includes a goal to award up to 3 percent of federal contracts to veteran-owned businesses.
Every year, the state procures billions of dollars in goods and services that benefit New Yorkers. Each state agency does its own contracting. The new law creates a division of service-disabled veterans’ business development within the Office of General Services. In order to qualify, the businesses will have to go through a certification process and the division will create and maintain a directory of qualified service-disabled veteran-owned businesses and assist state agencies in promoting the use of these businesses.
I was pleased this measure passed. This dovetails on some of the improvements that were signed into law last year, including a tax credit for employers who hire veterans. Beginning in 2015, employers who hire a veteran who has been discharged on or after Sept. 11, 2001 will receive a tax credit equal to 10 percent of each veteran’s salary or $5,000, whichever is less. The credit increases to 15 percent for the employer if the veteran is disabled. The state also recently added a Veteran’s Employment Portal (www.veterans.ny.gov). This offers a one-stop career priority service to veterans and their eligible spouses.
William (Will) A. Barclay is the Republican representative of the 120th New York Assembly District, which encompasses most of Oswego County, including the cities of Oswego and Fulton, as well as the town of Lysander in Onondaga County and town of Ellisburg in Jefferson County. Contact him at barclaw@assembly.state.ny.us, or (315) 598-5185.
Danlee Medical Products, Inc. announced that John DeSantis has joined the firm as the e-commerce marketing assistant. He brings more than five years experience in
Gregory A. Cornelius, Jr. has joined the Syracuse branch of AXA Advisors, LLC. Prior to joining AXA Advisors, he was in sales with Ferrario Auto
M. Griffith Investment Services announced that Zachary Maxwell has joined the firm. He is a financial consultant with the Ludwig Team at M. Griffith. Maxwell
POMCO Group has promoted Christina Lanigan to the position of account executive. In her previous position as an account manager at POMCO Group, she has
Adrienne McCormick, Ph.D. will become dean of the College of Liberal Arts and Sciences at SUNY Oswego on July 11. She has served SUNY Fredonia
Gina Fortino has joined the local affiliate of Sandler Training as a sales associate. She was formerly a marketing and advertising account executive at the
First Niagara Financial Group has promoted Craig Burton to senior vice president of commercial real estate lending. He is the team leader for the banking
Four new members have joined the architecture and engineering firm of the BCK-IBI Group. William Monahan is an electrical engineer with more than 26 years
Northern Border Commission offers grants to Upstate groups
The Northern Border Regional Commission (NBRC) can provide community and economic-development grants for local governments and nonprofit organizations in upstate New York. The office of
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.