New Law Makes Alaska the Newest Vetrepreneur-Friendly State
Alaska Gov. Sean Parnell signed House Bill 24 into law June 4. The bill, introduced by Rep. Anna Fairclough (R-Eagle River), offers qualified veteran-owned businesses a 5 percent procurement preference of up to $5,000 when bidding on state contracts.
“The purpose of the state’s bidder preference is to encourage local industry and small business involvement for goods and services, and we believe it’s only right to allow veteran-owned businesses to participate,” Fairclough said. “They’ve given and sacrificed so much in service to our state and country, so giving back to them is the right thing to do.”
Qualified veteran bidders under the new law must be a sole proprietorship owned by an Alaska veteran, or the majority partners of a company, LLC, or corporation are Alaska veterans. The preference may not exceed $5,000 but can be cumulative to any other qualified preferences. To read the final version of the law visit:
http://www.legis.state.ak.us/PDF/26/Bills/HB0024Z.PDF
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