Legislation Sends Contracts to Virginia’s Small Businesses
In an effort to help small businesses in Virginia, Governor Tim Kaine signed an executive order establishing a goal to ensure that 40 percent of the state’s contracts for goods and services are awarded to small businesses, including those owned by women and minorities. According to a report by the Associated Press, Kaine stated that he wants to see that every company, regardless of its size, has an opportunity to compete for state contracts. State procurement personnel will be judged on this factor as part of their annual job performance review.
The governor signed another small business bill in June 2006, which allows small firms in Virginia to collectively purchase health insurance. The bill was created on a bipartisan basis in the state legislature.