Interagency Task Force on Veterans Small Business Development
Headline: Establishes Task Force to Support Small Businesses Owned by Veterans
What it does: Agencies must coordinate to improve capital access, business development, and federal contracting for veteran-owned small businesses.
- May increase loan and surety bonding access for veteran-owned small firms.
- Seeks to expand federal contracting through mentor-protégé programs and matching.
- Aims to reduce paperwork and strengthen certification, training, and counseling.
Summary
This order creates a Task Force within the Small Business Administration to coordinate federal efforts to help small businesses owned and controlled by veterans and service-disabled veterans. The Task Force will develop proposals to improve access to loans, surety bonding, franchising, and to help these businesses meet federal contracting goals.
Members include senior officials from Treasury, Defense, Labor, Veterans Affairs, the budget office, the Small Business Administration, and the agency that manages federal contracts, along with four veterans' organization representatives. The Task Force will also reduce paperwork, strengthen certification integrity, expand training and counseling, and report to the President annually.
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