In November 2011, the Task Force delivered its first report to the President, which included 18 recommendations across three priority areas:
INCREASE OPPORTUNITIES FOR GROWTH. By increasing the flow of capital and federal contracting opportunities to VOSBs, veterans will have more opportunities to build or expand a business and hire more workers.
- Recommendations include: leveraging new commitments from lenders to serve more veterans, increasing veteran participation in microlending and surety bond programs, and more.
IMPROVE AND EXPAND COUNSELING AND TRAINING SERVICES. Tailored business counseling and training services helps put returning veterans – many of whom seek self-employment or small business ownership – on the path to success.
- Recommendations include: augmenting entrepreneurship programs for veterans, revising the Transition Assistance Program to include entrepreneurial resources, and easing navigation for veterans that go online to find federal tools.
- Recommendations include: reducing barriers for service-disabled veteran-owned small businesses in federal contracting, centralizing information for veteran-owned and service-disabled veteran-owned small businesses, developing streamlined certification processes, and more.
- REDUCE BARRIERS TO GROWTH AND IMPROVE COORDINATION AND EFFICIENCIES. By improving collaboration and focus across public, private, nonprofit, and academic resources, the federal government can more effectively identify and implement best practices that serve existing and prospective veteran small business owners.
- The report also includes additional recommendations ranging from modifications to the G.I. Bill benefits, to greater research surrounding veteran employment data, to revisions to unemployment compensation, and more.