1. Business Ideas
  2. Business Plans
  3. Startup Basics
  4. Startup Funding
  5. Franchising
  6. Success Stories
  7. Entrepreneurs
  1. Sales & Marketing
  2. Finances
  3. Your Team
  4. Technology
  5. Social Media
  6. Security
  1. Get the Job
  2. Get Ahead
  3. Office Life
  4. Work-Life Balance
  5. Home Office
  1. Leadership
  2. Women in Business
  3. Managing
  4. Strategy
  5. Personal Growth
  1. HR Solutions
  2. Financial Solutions
  3. Marketing Solutions
  4. Security Solutions
  5. Retail Solutions
  6. SMB Solutions
Product and service reviews are conducted independently by our editorial team, but we sometimes make money when you click on links. Learn more.

The VA Beats Veteran Small Business Goals

Veterans possess the vision and abilities to help build an enduring and vibrant economy . / Credit: Dog tags image via Shutterstock

The Department of Veterans Affairs (VA) is putting its money where its mandate is. Last year, the VA exceeded by more than six times the Small Business Administration (SBA) goal of government procurement  to Service Disabled Veteran-Owned Small Businesses (SDVOSB), according to a new SBA scorecard. The total surpassed the combined procurements from the rest of the federal government's civilian agencies.

The VA is required by statute to place SDVOSB and Veteran-Owned Small Businesses (VOSB) at the top of its hierarchy of its small business preferences. To support that policy, the VA has established a department goal of 10 percent for SDVOSB procurements and 12 percent for VOSB.

Last year, the VA nearly doubled its own SDVOSB goal by awarding more than 18 percent of its procurement dollars to small businesses owned by service-disabled vets. It also spent 20 percent of its procurement dollars with veteran-owned small businesses, again far exceeding its own goal.

Why Veterans Are Having Trouble Finding Jobs

Last week at the National Veteran Small Business Conference in Detroit, Secretary of Veterans Affairs Eric K. Shinseki announced additional steps to ensure that the VA meets its commitment to veteran-owned businesses.

  • Any contract not going to a veteran-owned small business must be reviewed by a senior executive and concurred with by a senior contracting executive.
  • All senior executive performance evaluations will include a small business performance metric.
  • For the first time, the VA has established small business procurement goals all the way down to the lowest senior executive level that exercises procurement responsibilities.

"Our results demonstrate VA’s commitment to the success of Veteran-owned small businesses," Shinseki said. "Veterans possess the vision and abilities to help build an enduring and vibrant economy. VA is doing its part to help translate those traits into results."

Reach BusinessNewsDaily senior writer Ned Smith at nsmith@techmedianetwork.com. Follow him on Twitter @nedbsmith.We're also on Facebook & Google+.

Ned Smith

Ned was senior writer at Sweeney Vesty, an international consulting firm, and was Vice President of communications for iQuest Analytics. Before that, he has been a web editor and managed the Internet and intranet sites for Citizens Communications. He began his journalism career as a police reporter with the Roanoke (Va.) Times, and was managing editor of American Way magazine and senior editor of Us. He was a Captain in the U.S. Air Force and has a masters in journalism from the University of Arizona.

See All