The VA has set new goals to boost contracts awarded to small businesses owned by veterans and disabled veterans, according to Military.com.
The VA is seeking to award at least 15% of more than $26 billion in procurement contracts to Service-Disabled Veteran-Owned Business (SDVOB), and 17% to Veteran-Owned Small Business (VOSB), it announced in a news release.
The SDVOB and VOSB goals had been 10% and 12%, respectively.
A 2016 Supreme Court decision is driving the new goals.
“Three years ago, the U.S. Supreme Court underscored our mandate to do business with service-disabled and other veteran entrepreneurs,” VA Secretary Robert Wilkie said in a statement. “We have increased the dollars awarded each year, but now it’s time to update the goals to reflect this new commitment. We need to lock in the gains we have made and continue to build for the future.”
Photo by DOD Transition Assistance Program