OMB outlines vet-owned biz plan

Agencies have until Feb. 7 to give the White House their plans for how they will use small businesses owned by service-disabled veterans.

The Office of Management and Budget recently released a memo outlining what the plans, required by an executive order signed in October, should include.

Agencies must reserve contracts for this type of business as well as encourage the companies to participate. The plans, which go to the Office of Federal Procurement Policy, also must show how the agencies will encourage other contractors to use these businesses as subcontractors.

The White House wants each agency to designate a senior official to oversee strategy and annually report progress to the Small Business Administration.