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City Council approved today the City's first-ever veteran's preference bid incentive, a measure originally introduced by Mayor Rahm Emanuel and Alderman James Balcer, 11th Ward. This initiative will create more opportunities for participation in City contracts by small local businesses, including certified minority and women-owned businesses (MBEs and WBEs) and veteran-owned businesses.
"We owe our veterans a debt of gratitude for their brave service to our country; creating a veteran's preference bid incentive is one way to help them succeed once they come home," said Mayor Emanuel. "This ordinance reflects a policy change that will help ensure that veteran-owned businesses are represented in government contracting."