Revises number of qualified disabled veterans' businesses required to designate set-aside contract from three to two.

This bill (S 1409) lowers the requirement for state agencies to designate a contract as a "disabled veterans' business set-aside" from three to two qualified disabled veterans' businesses. It directly affects state contracting agencies and disabled veterans' businesses by making it easier to set aside contracts for these businesses. The key change amends Section 4 of the existing "Set-Aside Act for Disabled Veterans’ Businesses" (P.L.2015, c.116) to update the threshold to align with federal standards and neighboring states. This adjustment aims to address challenges in finding sufficient qualified businesses for set-asides in New Jersey.