Lower Bucks Today

Congressmen Brian Fitzpatrick (PA-1), Andy Kim (NJ-3), and André Carson (IN-7) have re-introduced the bipartisan Better Utilizing Infrastructure for Lasting Development of (BUILD) Veterans Businesses Act. This legislation aims to establish a new program that allows veteran-owned small businesses to secure up to 3 percent of federal-aid highway and public transportation contracts.

“Our veterans are heroes and deserve every opportunity to succeed in their careers after their time in the military,” said Congressman Fitzpatrick. “With so many successful veteran entrepreneurs across Bucks and Montgomery Counties and our nation, I am proud to join my colleagues in introducing the bipartisan BUILD Veterans Businesses Act to ensure greater opportunities for veteran-owned businesses in rebuilding our nation’s infrastructure.”

Congressman Kim added, "Our veterans served our country honorably and are looking for that next mission once they leave the service. Now, thanks to once-in-a-generation funding made available through the Bipartisan Infrastructure Law, I believe, this can be that mission."

“Veterans have unique skills that are an asset to our economy, and particularly the small business community. It’s also important that we serve our veterans in the same way they have so bravely served our country,” stated Congressman Carson.

The proposed bill would boost opportunities for veteran small business owners by guaranteeing them at least 3 percent of federal contracts for federal highway and public transportation projects – such as construction, manufacturing, professional services like architecture & engineering, transportation, warehousing, and administrative support.

The Federal Highway Administration oversees more than $40 billion in annual funding allocated to states for the construction, maintenance, and preservation of highways and public transportation systems. A 2018 report by the Small Business Administration and the Federal Reserve Bank of New York indicated a generational decline in veteran entrepreneurship. However, it also outlined that a significant number of transitioning veterans express interest in starting businesses.

While veteran small business owners require support, their potential to aid in economic recovery is considerable. According to the Small Business Administration, veterans own over 1.9 million businesses, generating $1.3 trillion in total sales, and employ nearly 5.5 million Americans.

The legislative text of the bill can be found here.