VAMBOA goals metThe U.S. Small Business Administration (SBA) announced on Friday, August 1, 2014 that the U.S. government achieved its small business federal contracting goal. The federal government awarded more than 23% of its federal contracts to small businesses, totaling more than $83 billion. This was the first time in eight years that the federal government has reached its contracting goal.

The announcement was made at a press conference that was held at the National Aeronautics and Space Administration’s (NASA) Goddard Space Flight Center by SBA Administrator Maria Contreras-Sweet. She was joined by NASA Administrator Charles Bolden and Senator Ben Cardin.

“When we hit our small business procurement target, it’s a win.  Small businesses get the revenue they need to grow and create jobs, and the federal government gets the chance to work with some of the most responsive, innovative and nimble companies in the U.S. while the economy grows,” Contreras-Sweet said.  “Thanks to the president’s leadership and a team effort among all federal agencies, we were able to meet this goal.”

While contract expenditures have gone down in all categories as a result of overall reduced federal spending, small businesses managed to secure a greater percentage of the contracts. This is due inpart to the SBA working with other federal agencies to help small businesses win federal contracts.

The SBA also facilitated the requirement for larger companies with substantial federal contracts to sub-contract with Veteran-owned small businesses.

Along with the announcement, the SBA released the FY 2013 Small Business Procurement Scorecard. These annual scorecard provides an assessment of each federal agency’s yearly small business contracting achievement against its goal, with 20 agencies receiving an A or A+.  Overall, the federal government received an “A” on the government-wide Scorecard.

The Veteran and Military Business Owners Association (VAMBOA) is a non-profit business trade association that promotes and assists Veteran Business Owners, Service Disabled Veteran Owned Businesses (SDVOB) and Military Business Owners. Small businesses are the backbone of our economy and responsible for job generation. That is why VAMBOA provides its members with Business Coaching, Contracting Opportunities, a Blog that provides information, Networking contacts and other resources. Membership is FREE to Veterans. Join Now!

VAMBOA: Government Achieves Small Business Contracting Goal

Boots to Business Reboot

In keeping with the its commitment to Veterans, the U.S. Small Business Administration (SBA) has sponsored the Boots to Business program. As Veterans transition to civilian life, the Boots to Business program has offered training courses to make their dreams of business ownership a reality.

The widely popular “Boots to Business: From Service to Startup” is a program offered to future entrepreneurs while they’re still in uniform, as a component of the Department of Defense’s redesigned Transition Assistance Program (TAP). The curriculum for “Boots to Business: from Service to Startup” was designed to introduce concepts, information and resources about business ownership to transitioning service members. Along with the education, the program also connects service members to crucial resources in their local communities.

The SBA has added an additional curriculum to their program. “Boots to Business: Reboot,” is an entrepreneurship training course for Veterans that is being hosted in twelve locations across the country.

Each session will host up to 100 Veterans for a two-day course, titled Introduction to Entrepreneurship, led by the SBA’s resource partners, as well as industry experts from Syracuse University’s Institute for Veteran and Military Families (IVMF).

“Boots to Business: Reboot” will introduce Veteran entrepreneurs to the basics of business ownership.  The curriculum will lead Veterans through evaluating business concepts and developing a business plan. “Boots to Business: Reboot” will also connect participating Veterans to a network of business support contacts by introducing them to the SBA’s network of Veteran Business Outreach centers, Women’s Business centers, Small Business Development centers and SCORE counselors.

At the conclusion of the two-day training, Veteran entrepreneurs will be eligible to register for an eight-week online course called “Foundations of Entrepreneurship.” This program is led by instructors from IVMF, and offers Veterans in-depth instruction on the elements of a business plan, as well as techniques and advice for starting their own businesses.

After completing “Boots to Business: Reboot,” and “Foundations of Entrepreneurship”  Veteran entrepreneurs will possess the tools and knowledge needed to identify a business opportunity, draft a business plan, connect with local resources, and launch their own small businesses.

The “Boots to Business: Reboot” events run through Aug. 25-26.

July 24 – 25: Dallas- Fort Worth, Texas

July 29- 30: Miami, Florida

July 31 – August 1: Chicago, Illinois

August 1 – 2: Philadelphia, Pennsylvania

August 5 – 6: Boston, Massachusetts

August 6 – 7: Albuquerque, New Mexico

August 8 – 9: Kansas City, Missouri

August 13 – 14: Detroit, Michigan

August 15 – 16: Los Angeles, California

August 20 – 21: Seattle, Washington

August 25 – 26: Charlotte, North Carolina

For more information and to register for events Veterans interested in business ownership are encouraged to visit www.boots2businessreboot.org

The Veteran and Military Business Owners Association (VAMBOA) is a non-profit business trade association that promotes and assists Veteran Business Owners, Service Disabled Veteran Owned Businesses (SDVOB) and Military Business Owners. Small businesses are the backbone of our economy and responsible for job generation. That is why VAMBOA provides its members with Business Coaching, Contracting Opportunities, a Blog that provides information, Networking contacts and other resources. Membership is FREE to Veterans. Join Now!

VAMBOA: New Boots to Business Program: By Debbie Gregory

In the past two decades, there has been much progress in veteran business legislation and small business legislation. For military business owners, this progress has helped build strong businesses and opened up veteran business opportunities tremendously. In the past, veteran owned small businesses could barely receive funding from small business loans, let alone receive the veteran business legislation necessary to succeed and stand out in the business market. Through the support of organizations like VAMBOA (Veteran and Military Business Owners Association), service disabled veterans, military business owners, veteran owned small businesses and veterans just starting a business have been able to grow and prosper in progressive ways.

Small business legislation has opened up the doors for veterans wishing to start veteran owned small businesses. Some of that legislation has come in the form of simplified paperwork for veteran businesses and service disabled veterans businesses. Other veteran business legislation has called for more accessible small business loans for military business owners and other veteran businesses. This has increased the number of veteran business opportunities available to veterans and military business owners.

VAMBOA is actively pursuing further small business legislation to better assist service disabled veterans, military business owners and veteran owned small businesses and to open up new veteran business opportunities to those veterans looking to get into the veteran business market. By networking veteran business owners and pushing helpful veteran business legislation, such as better small business loans, VAMBOA hopes to increase veteran business opportunities and expand and strengthen the market, since most veteran small business owners need small business loans to get off the ground.

In an effort to accelerate small business legislation, VAMBOA encourages service disabled veterans and other veteran small business owners to network, connect and collaborate using its services.