GovernmentExecutive.com

The Veterans Entrepreneurship Task Force signed an agreement on Tuesday with the General Services Administration to help the agency reach its goal of spending 3 percent of contracting dollars with companies owned by service-disabled veterans.

Under the memorandum of agreement, VET-Force will use its network of veterans to expand training and information on federal opportunities for these firms.

VET-Force is composed of more than 200 organizations and affiliates -- many small businesses -- representing thousands of veterans. It was organized in 1999 to lobby for the Veterans' Entrepreneurship and Small Business Development Act, which became law, and provide assistance to veterans who are starting businesses.

"GSA welcomes the opportunity to work with the VET-Force and other organizations committed to helping veterans and service-disabled veterans who are entrepreneurs," said GSA acting Administrator David Bibb. "This is a point of honor, but it is also a point of common sense. When we expand economic opportunities for veterans, we're drawing on men and women who know teamwork, discipline, cooperation and mission accomplishment."

In fiscal 2007, GSA spent 2.2 percent of its procurement dollars on businesses owned by service-disabled veterans. In announcing the agreement on Tuesday, officials said preliminary data for the third quarter of fiscal 2008 shows GSA has increased that figure to 3.2 percent, surpassing the statutory goal.

The agreement was part of GSA's 21 Gun Salute initiative, led by the agency's chief of staff, John Phelps. GSA works with other agencies, veterans and industry to meet the 3 percent spending target, established by a 2004 executive order.

GSA also drew up the first governmentwide acquisition contract set-aside exclusively for small businesses owned by service-disabled veterans.

The Veterans Technology Services GWAC, through which agencies can procure systems operations and maintenance and engineering services, was the first contract vehicle reserved for service-disabled veterans. The contract was awarded in 2006 to 44 businesses and has a $5 billion ceiling.