Indiana Veteran Owned Small Business Contracting Goal and Price Preference

Indiana aims to award at least 3 percent of state contracts to Indiana veteran owned small businesses and gives them a 15 percent price preference on supplies bought by governmental bodies.

Also called: IC 4-13-16.5-1.5, IC 4-13-16.5-3.5, IC 5-22-15-23, VOSB, veteran owned small business, 3 percent goal, 15 percent preference, Department of Administration.

For: Veteran or service member.

Where it applies

Written for the jurisdictions listed here.

IndianaState

Certification. IC 4-13-16.5-1.5: an Indiana small business owned and controlled by veterans qualifies if it has current federal verification as a veteran owned small business or certification by the Department of Administration, is at least 51 percent owned and controlled by veterans, and has its principal place of business in Indiana. Personal financial information submitted for certification is confidential. The goal. IC 4-13-16.5-3.5 requires the Department of Administration to adopt rules with "a goal to procure in each state fiscal year at least three percent (3%) of state contracts" from Indiana veteran owned small businesses, and to report each year to the governor, the Department of Veterans Affairs and the legislature on whether it met the goal and why not. Price preference. IC 5-22-15-23: "A governmental body shall give a fifteen percent (15%) preference for supplies" to an Indiana small business or a veteran owned small business that submits an offer.

Thresholds

No rating or income gate is recorded. Read the detail and the official source.

Sources

IC 4-13-16.5-1.5, veteran owned small business concernOfficial
IC 4-13-16.5-3.5, state contracting goalsOfficial
IC 5-22-15-23, price preferenceOfficial

Updated

Last updated 2026-09-30.

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Disclaimer

VetTOC is not affiliated with the U.S. Department of Veterans Affairs or the Department of Defense. Information is for reference only and is not an eligibility determination. Verify with VA, the relevant state or territory, or an accredited VSO.