Those who fought in campaigns from the Second World War to modern conflicts including the Falklands and Iraq will be made the subject of the high profile ceremony which is part of a national day to make sure the sacrifices of the forces are never forgotten.
Veterans Day was established in 2006, but has had little presence in the county, with the major ceremonies taking place in London.
Corby's proposal to honour the servicemen and women on June 27 follows similar plans in Wellingborough.
The idea is expected to be approved at a council meeting next week and then details of a venue will be announced.
Council leader Pat Fawcett said: "There is a feeling of being taken for granted by some veterans so this event is to show we appreciate all these men and women have done for their country."
It has been suggested the mayor and Corby MP Phil Hope present those who have served their country with the Veterans Badge which was introduced by the Government in 2004.
So far 550,000 have been awarded across the country and it is available to all those who have served in Her Majesty's Armed Services.
Normandy veteran Bob Shepherd, who has a Veterans Badge, welcomed the day of recognition for those who have fought for their country.
The 82-year-old from Constable Road, Corby, who served in the Navy as a signalman, said: "I am aware of the other events planned across the country and it is good to see Corby getting involved."
Mr Hope said: "Veterans Day is a really important event, it reminds everyone of what the members of the Armed Forces and those who have supported them have given to make our country the safe, secure and stable home we have today."
To apply for the Veterans badge call 0800 169 2277 or email
veterans.help@spva.gsi.gov.uk.
The full article contains 334 words and appears in Northants Evening Telegraph newspaper.