Tuesday, January 26, 2010

Advocacy for the VOB

The Chamber testified this afternoon for Sen. Derek Kilmer's SB5041, a bill to encourage advocacy in state government contracting and purchases from veteran-owned businesses (VOB).

In speaking, Gary Brackett, Manager, Business and Trade, Tacoma-Pierce County Chamber noted that the most recent Census of Business identified 2 million US firms with one or more US military vets as majority owners.  That's 12.2% of small businesses, of which over half (51.8%) operated from a home.  A quarter of vet-owned businesses had paid employees and 7% vet business owners were service-disabled.

Just last week, the Chamber referred a DoD prime contractor at Fort Lewis to the veteran-owned business registry of the Washington Department of Veteran Affairs.

The National Veteran Owned Business Association (NaVOBA) notes that vets (1 in 7) are twice as likely to own a business as the general populace (1 in 14). 

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