Surge in SDVOSB and VOSB verifications at Veterans Affairs

VA, SBA officials preparing joint rule on vet ownership

     The Veterans Affairs Dept. has experienced a surge in verifications of veteran-owned small businesses in the last several years, a top official testified at a joint congressional subcommittee hearing.

      The growth is happening as the VA and Small Business Administration are preparing new joint regulations on ownership and control of veteran-owned firms.

      As of June 30, the VA had 14,084 firms verified as veteran-owned small businesses (VOSBs) or service-disabled VOSBs (SDVOSBs), Thomas J. Leney, executive director of the VA’s Office of Small and Disadvantaged Business Utilization, said at the July 17 hearing.

      That total is nearly double the 7,400 verified VOSBs and SDVOSBs in the VA’s database as of 2015, according to a Government Accountability Office report from 2015...more....