VA Extends Verification Term for Veteran Entrepreneurs

The Department of Veterans Affairs is doubling the amount of time before the owners of service-disabled, Veteran-owned small businesses and Veteran-owned small businesses must re-verify with VA that they are, in fact, owned and operated by qualified Veterans.

“The community of Veteran-owned businesses and businesses owned by service-disabled Veterans is a vital partner with VA and the federal government,” said Secretary of Veterans Affairs Eric K. Shinseki. “To ensure we have improved our verification policies and processes, I have directed that VA simplify the verification process immediately and move from an annual to a biennial re-verification – every two years.”

The interim final rule, which took effect June 27, will benefit thousands of small businesses by reducing the uncertainty and administrative burden associated with a yearly verification cycle.  Public comments on this interim final rule may be submitted within the next 60 days.

Need help starting a veteran-owned business ? Call SCORE Pinellas at 727 532-6800, send an email to score@scorepinellas.org, or visit our web site at http://www.scorepinellas.org.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s