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By Debbie Gregory.

When the certified owner of a “set-aside” eligible company passes away and the company transfer to other hands, such as a surviving spouse or child, what becomes of the contract?

The death of the certified owner has different implications, dependent upon which set-aside program was being used. The new owner must understand which contracts can be continued after a change in ownership, and which may be terminated by the government.

Service-Disabled Veteran Owned Small Business (SDVOSB) – If the service-disabled veteran passes away, the company is still considered a SDVOSB through the life of any existing contracts.

VA Veteran’s First Program- The Department of Veteran Affairs (VA) has a separate program for set-aside contracts where veteran-owned small businesses must be verified in advance of bidding on VA contracts set aside for a VOSB or SDVOSB. The VA regulations have different rules based on whether the new owner is the surviving spouse of a service-disabled veteran or not. If the veteran was 100% disabled or died as a result of a service-connected disability, the surviving spouse can step in as the new owner and maintain certified status until the earliest of the following:

  • The date the spouse remarries
  • The date the spouse sells the business,
  • The date the business no longer qualifies as small, or
  • 10 years after the original owner’s death.

But if the deceased veteran owner was not 100% disabled, the surviving spouse is only allowed to perform existing contracts to the end of their term, and not exercise any options.

If the deceased veteran owner did not leave a surviving spouse, the VA regulations say: “Continued eligibility of the participant with new ownership and the award of any new contracts require that CVE verify all eligibility requirements are met by the concern and the new owners.”

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By Debbie Gregory.

HIRE Vets Medallion Program Demonstration Award shines a light on the employers who hire our nation’s veterans. Many veteran business owners fall into that category.

The program is set to kick off in 2019 and utilizes the requirements and criteria of the Honoring Investments in Recruiting and Employing American Military Veterans Act of 2017 (HIRE Vets Act) to determine the recipients.

The program will recognize large employers (500-plus employees), medium employers (51-499 employees), and small employers (50 or fewer employees). Additionally, there are two award tiers: Gold and Platinum.

The demonstration will use the same criteria as the full HIRE Vets Medallion Program and enable more employers to prepare to successfully complete the medallion award application for the full implementation of the program in 2019.

The criteria for most of the awards are based upon the following measures:
1. Percentage of new hires during the previous year that are veterans;
2. Percentage of veteran employees retained for a period of at least 12 months;
3. Percentage of employees who are veterans;
4. Provision of an employee veteran organization or resource group to assist new veteran employees with integration, including coaching and mentoring;
5. Provision of programs to enhance the leadership skills of veteran employees during their employment;
6. Employment of a dedicated human resources professional or initiatives to support hiring, training, and retention of veteran employees;
7. Provision of compensation, to employees serving on active duty in the United States National Guard or Reserve, that is sufficient, in combination with the employee’s active duty pay, to achieve a combined level of income commensurate with the employee’s salary prior to undertaking active duty;
8. Provision of a tuition assistance program to support veteran employees’ attendance in postsecondary education during the term of their employment; and
9. Employer with an adverse labor law decision, stipulated agreement, contract debarment, or contract termination, as defined in the rule, pursuant to either of the following labor laws will not be eligible to receive an Award: Uniform Services Employment and Reemployment Rights Act (USERRA); or Vietnam Era Veterans’ Readjustment Assistance Act (VEVRAA).

“Military service develops leadership skills, technical expertise, and problem-solving capabilities — all in demand by America’s companies,” said U.S. Secretary of Labor Alexander Acosta. “The HIRE Vets Medallion Program provides a tremendous opportunity for employers to recruit talented veterans and demonstrate support for those who have sacrificed so much for their country.”

VAMBOA Joins Forces with the National Veteran Business Development Council (NVBDC) to Advance Vet Owned Businesses

The Veteran and Military Business Owners Association (VAMBOA), a 501(c)6 non-profit trade association, is proud to join forces with the National Veteran Business Development Council (NVBDC), the leading third party certification organization for veteran owned businesses. Together, the two organizations are working towards advancing certification for service disabled and veteran owned businesses (SD/VOBs).

VAMBOA founder Debbie Gregory said, “Our nation owes a debt of gratitude to the brave men and women who have worn our country’s uniform. In the private sector, veterans are 45 percent more likely than those with no active-duty military experience to be self-employed. Moreover, with nearly one in ten small businesses being veteran-owned, it is up to all of us to support them and contribute to their successes.”

The NVBDC, a 501(c)3 non-profit, is also committed to growing veteran owned businesses, and to that end has created a nationally recognized certification program via an easy and intuitive web based interface to complete the certification process.

Keith King, NVBDC president said, “We set out to build the ‘Gold Standard’ certification program for our fellow SD/VOBs, and we have done that. With the support and endorsement of GM, AT&T, Kellogg’s, Ford, Magna International, 3M, CPI, Consumers Energy and many more corporations, we are proud to provide an opportunity for VAMBOA members and our certified SD/VOBs to work with America’s leading corporations.

About VAMBOA
VAMBOA’s mission is to ensure the development, growth and prosperity of veteran owned businesses of all sizes. VAMBOA’s “Vet Owned” seal symbolizes the talent, dedication, leadership and courage of these special Americans who currently serve or have served in our nation’s Armed Forces. Membership is in the 501(c) 6 trade association is free. If you would like to sign up for membership, please visit https://vamboa.org. VAMBOA relies on corporate sponsorship. If you are interested in becoming a sponsor, please call Debbie Gregory at (877) 850-9800.

About NVBDC
The NVBDC’s principal goals are to promote business opportunities for SD/VOBs within commercial and government markets; to support the interests of all Veteran Owned Businesses; to facilitate interaction between VOBs, government, and all other businesses in support of business initiatives for Veterans; and to provide a forum for the exchange of ideas and information between its members, government agencies and industry through networking, committees, meetings, conferences and visits to government and industry facilities. The NVBDC is the certification body for SD/VOB’s that ensures that credible documentation exists of a business’ veteran status, ownership and control.

Historically the Industry Supplier Diversity programs have relied on non-government organizations to provide them with independent third party certification. The Government controlled Center for Veteran Enterprise does not verify MEDIUM or LARGE companies, thereby denying them a formal veteran business recognition. The NVBDC certifies all sizes of veteran businesses. Industry can be positive that a SD/VOB certified by the NVBDC is in fact an owned, operated and controlled veteran business.

The Veterans Business Outreach Center (VBOC) Program is designed to provide entrepreneurial development services such as business training, counseling and mentoring, and referrals for eligible veterans owning or considering starting a small business. The SBA has 15 organizations participating in this cooperative agreement and serving as Veterans Business Outreach Centers (VBOC).

Services Provided by the Centers

Pre-Business Plan Workshops

VBOCs conduct entrepreneurial development workshops dealing specifically with the major issues of self-employment. An important segment of these workshops entails the usage of the Internet as a tool for developing and expanding businesses. Each client is afforded the opportunity to work directly with a business counselor.

Concept Assessments

VBOCs assist clients in assessing their entrepreneurial needs and requirements.

Business Plan Preparations

VBOCs assist clients in developing and maintaining a five-year business plan. The business plan includes such elements as the legal form if the business, equipment requirements and cost, organizational structure, a strategic plan, market analysis, and a financial plan. Financial plans include financial projections, budget projections, and funding requirements.

Comprehensive Feasibility Analysis

VBOCs provide assistance in identifying and analyzing the strengths and weaknesses of the business plan to increase the probability of success. The results of the analysis are utilized to revise the strategic planning portion of the business plan.

Entrepreneurial Training and Counseling

VBOCs, working with other SBA resource partners, target entrepreneurial training projects and counseling sessions tailored specifically to address the needs and concerns of the service-disabled veteran entrepreneur.

Mentorship

VBOCs conduct, as appropriate, on-site visits with clients to ensure adherence to their business plans. Additionally, VBOCs review monthly financial statements to determine whether a revision of the business plan is warranted or that desired results are being attained.

Other Business Developmental Related Services

VBOCs also provide assistance and training in such areas as international trade, franchising, Internet marketing, accounting, etc.

Center Locations and Areas of Coverage

Region I

Region II

Region III

Region IV

Region V

Region VI

Region VII

Region VIII

Region IX

Region X

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