Interagency Task Force on Veterans Small Business Development

Apr 29, 2010

Summary

Establishes a group to help veteran-owned small businesses get more money, business chances, and government work.

What problem does this solve?

Veterans who own small businesses often face challenges getting money, finding opportunities, and winning government contracts. This order creates a special team from different government offices to work together and improve support for these businesses.

What does this order do?

Establishes a new task force

Creates the Interagency Task Force on Veterans Small Business Development within the Small Business Administration (SBA).

Defines task force members

Specifies that the task force will be led by the SBA Administrator and include members from the Departments of Treasury, Defense, Labor, and Veterans Affairs, among others.

Outlines key duties

Directs the task force to find ways to improve access to money, increase government contract opportunities, and reduce paperwork for veteran business owners.

Requires annual reports to the President

Mandates that the task force report its progress and suggestions to the President one year after its first meeting and every year after that.

Who does this affect?

Veteran small business owners
Service-disabled veteran business owners
Federal agencies involved in procurement

What is the real world impact?

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Coordinates federal support for veteran entrepreneurs

Brings together different government departments to work as a team. This makes it easier for veteran-owned businesses to get help with money, contracts, and training.

When does this start?

This order takes effect on April 26, 2010, but includes a future deadline for the task force.

Annual report to the President

The task force must send its first report to the President no later than one year after its first meeting, and then every year after that.