VA Strengthens Requirements to Protect Veteran-Owned Businesses
Last year presented the federal government with multiple issues related to business owned by veterans and veterans with disabilities. All those businesses are given priority when it comes to being awarded federal contracts. In order to ensure the money goes to the correct business, The Washington Post is reporting some agencies are imposing rules making qualification for those contracts more difficult.
The federal government works to ensure money is being given to “disadvantaged businesses.” In order to ensure the integrity of that goal, the Department of Veterans Affairs (VA) is changing what companies have to do to qualify as a disadvantaged business.
The VA has eliminated almost 19,000 contractors from its list of business owned by veterans or service-disabled veterans as a starting step in their process. Before those cuts, approximately 27,000 businesses listed themselves as eligible for the government contracts, which range in value from $3 – $3.5 billion every year.
The VA is now reviewing more about a business before allowing it to add itself to the eligibility list. A preference for veterans should be directed toward veteran-owned businesses. The VA’s list of verified businesses qualifying for the set-aside preference numbers about 8,200 as of last month.
The VA stresses that doesn’t mean every company cut from the list was being fraudulent in their representation, only that they may not have understood the requirements.
If you are a disabled veteran who has been denied disability compensation or have not yet applied for benefits from the VA, a South Florida disability representative from Disability Help Group is ready to help. To learn if you are entitled to certain programs and benefits contact our veterans disability rights firm today – 1-(800)-800-3332.