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What is the Veterans Entrepreneurship and Small Business Development Act of 1999?

April 26, 2017ACT Development entrepreneurship small business veterans

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What is the Veterans Entrepreneurship and Small Business Development Act of 1999?

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The 1999 Act includes the creation of the Center for Veterans Enterprise and the National Veterans Business Development Corporation (The Veterans Corporation). The Act also establishes a “service-disabled” category of veterans for federal contracts; sets goals for contracts and sub-contracts given to veterans and service-disabled veterans for federal contracts; authorizes the Small Business Administration (SBA) to defer repayment of business loans held by reservists recalled to active duty; requires VA to notify veterans in business about opportunities to do business with the federal government; and creates a formal agreement between the VA, SBA, and Service Corps of Retired Executives (SCORE) to provide technical and management support to veteran entrepreneurs.