- Associated Press - Wednesday, April 20, 2016

HARTFORD, Conn. (AP) - Connecticut is moving closer toward giving a preference to veteran-owned small businesses that want to bid on state contracts.

The Senate voted unanimously Wednesday in favor of legislation that would provide a 15 percent price preference to the microbusinesses, which are defined as generating less than $3 million in revenue annually.

Sen. Mae Flexer, a Killingly Democrat, says the bill would allow a veteran-owned business bidding $100 on a state contract to win out over a competing business bidding $87, because the 15 percent price preference would bring the veteran-owned business’ bid down to $85.

Flexer says it would be one of the highest price preferences for veterans in the nation.

The bill now awaits action in the House of Representatives.



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