Service-Disabled Veteran-Owned Small Businesses (SDVOSBs) have long benefited from Federal initiatives designed to promote Diversity, Equity, and Inclusion (DEI). These programs have expanded opportunities, reduced barriers, and ensured that SDVOSBs have access to contracting opportunities across the Federal government. However, with discussions about potential changes to DEI initiatives, many business owners are wondering what the future holds. This article highlights why SDVOSBs remain well-positioned to succeed and thrive, regardless of changes, and offers actionable steps to ensure continued growth.

The VOBRT has been awarded a $25,000 grant by the Fifth Third Bank Foundation to support a second round of funding for their Veteran Access to Capital Program, which empowers veteran entrepreneurs by providing them with essential resources to grow and sustain their businesses.

🏌️‍♂️⛳ Get ready to tee off with us at the Veteran Owned Business Roundtable’s 10th Annual Scholarship Golf Outing! Coming up on Monday, August 21, 2023, at the beautiful West Shore and Grosse Ile Golf & Country Clubs. Last year, we raised $19,000 to support the education of military dependents.

The country, through the US Senate, has been slowly working towards improving the conditions of veterans and offering them opportunities to integrate back into society. The Veterans Benefits Act of 2003 was a law passed by the US Senate to amend title 38 of the United States Code. The purpose of this amendment was to improve the benefits that were to be offered to veterans under the laws of the department of Veterans Affairs (VA).

For many potential Veteran Owned Business owners, creating a business and being successful at it may seem like climbing a mountain. But fortunately for these entrepreneurs Veteran Owned Business Roundtable (VOBRT) has developed an excellent program that makes the destination to business success achievable. They accomplish this by utilizing innovative techniques and programs which successfully develop/mentor a veteran owned business.

Contracting departments of businesses need to be aware of the requirements that VOBs must fulfill, in addition to the numerous benefits that working with VOBs provides. In fact, VOBs and SDVOBs are increasingly being sought after by corporations that are seeking supplier diversity. As a result, there are currently 2.5 million VOBs in the country, and they generate more than $1 trillion in sales per year.

5 Key tips for Finding VOBs and SDVOBs

From the battlefield to the boardroom, more veterans are venturing into the corporate world in order to start businesses. VOBs and SDVOBs are among the most successful start-ups due to the resilience and excellent leadership skills of their owners. As a result, more customers and corporations are seeking out the services of VOBs and SDVOBs.

Creating Accountability to Meet your Veteran Owned Business Goal Requirements

Doing business with VOBs has numerous benefits for corporations. They can enjoy exceptional levels of service, strong partnerships, and diverse supply chains. As more corporate buyers seek to increase their partnerships with VOBs, they need to establish mechanisms and benchmarks that will allow their companies to remain accountable to these initiatives.

American business is on the uptick in many manufacturing and service areas of the economy and there is absolutely no reason Veteran Owned Businesses (VOB) cannot be part of this vibrant growth. The Veteran Owned Business Roundtable (VOBRT) has created the VetConnect program as a viable vehicle to provide the family of business owners and VOBs with resources and opportunities for networking and growth. VetConnect corporate access is the key to unlock VOB business prosperity.

Our veterans form an important part of the business environment in the country. Upon returning from duty, many veterans choose to start and operate businesses in the private sector. As part of an initiative to support these business ventures, the US government set up a program with the goal of having a minimum of 3% of its purchases being made from veteran-owned businesses.