In July 2019, Virginia’s governor issued Executive Order 35 to reiterate Virginia’s commitment to the small business community. In it, the governor elaborates on the importance of the issue:
“State contracting provides the catalyst for economic opportunity and expands access for many businesses. As part of this process, it is imperative for Virginia to maximize the participation of small businesses, including those owned by women, minorities, and service-disabled veterans, in state contractual work. For Virginia to remain competitive and continue to advance its small business goals, significant work must be done for a more transparent, equitable, and inclusive process.”
The executive order directs the executive branch agencies and institutions like UVA that have statutory authority over procurement to achieve a target of procuring 42 percent of discretionary spending (about one-third of UVA's annual budget) from Virginia-certified small businesses.