Vets Band Together To Line Up Business
Navy veteran-turned-publisher Chris Hale is taking on a new fight — persuading corporate America to “Buy Veteran.”
The co-owner of such titles as the Veterans Business Journal, G.I. Jobs and Military Spouse will launch the National Veteran-Owned Business Association, or NaVOBA. The mission of the new organization is to change the buying habits of major American corporations, asking them to set aside a certain number of third-party contracts for the nation’s 3.6 million veteran-owned businesses.
The U.S. government already has a goal of awarding 3 percent of all federal contracts to disabled veterans. But there are no quotas for the private sector, and many companies do not have such requirements in place. In fact, ex-military entrepreneurs receive just 1.3 percent, or $40 billion, of the $2.5 trillion spent annually on third-party corporate contracts, according to estimates provided by Mr. Hale.
The goal of the association is to double that amount to $80 billion a year.
Photo by NaVOBA.
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