Veterans Business Development
SMALL BUSINESS ADMINISTRATION
Small Business Act of 1953, Sections 8(b)(1)(A) and (B), 15 U.S.C. 637(B)(17).
To provide long term training, counseling, and mentoring to benefit small business concerns and potential small business concerns owned and controlled by eligible veterans. Eligible veterans means (A) A veteran who is entitled to compensation (or who but for the receipt of military retired pay would be entitled to compensation) under laws administered by the Secretary, (B) a person who was discharged or released from active duty because of a service- connected disability, (C ) a veteran as defined in Section 101 (2) of Title 38, United States Code, or ( D) a member of a reserve component of the armed forces of the United States.
Types of Assistance
Uses and Use Restrictions
To establish Veteran Business Outreach Centers (VBOC) for the benefit of small business concerns and potential small business concerns owned and controlled by eligible veterans.
An eligible applicant for the VBOC Program is a responsible educational institution, private business, veterans' nonprofit community-based organization, and Federal, State and local departments and agencies for the establishment and implementation of outreach programs for veterans and service disabled veterans.
First beneficiaries are eligible veterans and former POWs who seek to start and manage a small business; second beneficiaries are all others.
Credentials and documentation can be found on the annual program announcement.
Application and Award Process
None. This program is excluded from coverage under E.O. 12372.
Applicants will submit proposals based on a request for proposal (RFP). The RFP may request that the applicant apply for a grant or contract. This will be made clear at the time of the RFP is issued. Instructions for applying will be contained in the RFP document.
The proposal will be subject to an independent panel review. The elements of the panel review will include a review of a technical and cost proposals, each under a separate cover. The technical proposal will consist of four sections: (1) Programmatic concept, (2) understanding the problem or need, (3) coordination of resources, and (4)organizational qualifications. The cost proposal will be evaluated based on reasonableness of cost and compliance with OMB Circulars A-110 or A-112. Additionally the cost proposal must contain (1) a comprehensive development plan, (2) budget preparation, and (3) expenditures for fundraising activities may not be charged as a cost item and demonstration of adequate community based resources to achieve matching formula for nonfederal funds.
Designated on the RFP.
Range of Approval/Disapproval Time
Usually within 30 to 90 days after closing date of the RFP.
In accordance with FAR Part 33 if a contract; or not applicable if a grant.
Formula and Matching Requirements
The applicant must be capable of meeting the non-SBA matching requirements. The applicant must provide letters of commitment from other sources to certify the ability to match SBA contributions. The applicant who becomes a recipient/contractor must be prepared to report receipt of such contributions no later than the end of each program year.
Length and Time Phasing of Assistance
Usually not to exceed 12 months for the basic effort and four option years. Funds are made available on a cost reimbursement basis.
Post Assistance Requirements
Quarterly performance and financial reports to the SBA Central Office no later than 30 days following the end of the quarter. A final report is due 90 days after the completion of the project year.
When necessary, on a case-by-case basis.
The recipient should be prepared to maintain detailed, complete, and accurate client activity records of a sufficiency to reflect clearly the nature and variety of the services provided. Financial records must be maintained until 3 years after the completion of the grant project or submission of the final report, whichever is later. The recipient should be prepared to participate in the development of a program-wide intranet system.
Grants: FY 07 $741,000; FY 08 $743,000; and FY 09 $743,000. Administration: FY 07 $3,440,000; FY 08 $4,007,000; and FY 09 $4,720,000.
Range and Average of Financial Assistance
From $75 to $1,500 per client.
Success stories must be published on the program-wide intranet system and/or shared with the SBA.
Regulations, Guidelines and Literature
Contact the Federal agency for more information.
Regional or Local Office
For addresses of the SBA field offices, see Appendix IV of the Catalog under Small Business Administration.
Associate Administrator, Office of Veterans Business Development, Small Business Administration, Fifth Floor, 409 Third Street, S.W., Washington DC 20416. Telephone: (202) 205-6773. Contact: Ramona Peyton.
Web Site Address
59.005, Internet-Based Technical Assistance.
Examples of Funded Projects
Criteria for Selecting Proposals
The technical proposal will consist of four sections: (1) Programmatic concept, (2) understanding the problem or need, (3) coordination of resources, and (4) organizational qualifications. The cost proposal will be evaluated based on reasonableness of cost and compliance with OMB Circulars A-110 or A-112. Additionally the cost proposal must contain (1) a comprehensive development plan, (2) budget preparation, and (3) expenditures for fundraising activities may not be charged as a cost item and demonstration of adequate community based resources to achieve matching formula for nonfederal funds.