Bill Summary: A3971 - OORAH! An ACT Opening Opportunities, Resources and Access for Heroes

• Expands MWBE program to include veterans: Amends Article 15-A of the Executive Law to include veteran-owned business enterprises (VBEs) alongside minority-owned and women-owned business enterprises in state contracting and procurement programs.

• Creates veteran-owned business enterprise definition: Establishes that VBEs must be at least 51% owned by honorably discharged U.S. veterans or permanent resident aliens who are veterans, with real and substantial ownership, independent day-to-day control, and personal net worth not exceeding $3.5 million.

• Sets contracting goals for veterans: Directs the Division of Minority and Women's Business Development (renamed to include veterans) to conduct disparity studies to determine appropriate veteran participation percentages across construction, professional services, standard services, and commodities contracts.

• Extends veteran programs statewide: Applies veteran business enterprise provisions to state agencies, public authorities, the City of New York, and various economic development programs including urban development corporation, facilities development corporation, and medical care facilities finance agency programs.

• Provides equal opportunity protections: Mandates contractors undertake affirmative action programs to ensure minority group members, women, and veterans receive equal employment opportunities in state contracts and projects.