The Montgomery County Office of Procurement has rolled out a new incentive geared toward local veteran-owned businesses. The initiative, known as the Veteran Business Preference Program (VBPP), officially went live on January 2, part of a broader effort to enhance opportunities for veteran entrepreneurs within the county's Local Small Business Reserve Program (LSBRP).
The recent amendment of the LSBRP by the Montgomery County Council in 2024, paved the way for this move, wherein verified veteran-owned businesses can now earn additional points on their proposals — a boost amounting to five percent of the total available points, under the LSBRP. “This new Veteran Business Preference Program reflects our commitment to honoring those who have served our country by providing meaningful opportunities for their businesses to thrive here in Montgomery County,” said County Executive Marc Elrich, in a statement, released on Montgomery County's website.
Eligibility for these added points is predicated on businesses having certification in the Local Small Business Reserve Program as well as possessing a valid Veteran-Owned Small Business (VOSB) or Service-Disabled Veteran-Owned Small Businesses (SDVOSB) certificate from federal agencies like the U.S. Small Business Administration or the U.S. Department of Veterans Affairs. More information can be found on the Local Small Business Reserve Program's website.
Intent on fostering a diverse and resilient local economy Ash Shetty, Director and Chief Procurement Officer affirmed the program's dual motive: "By incorporating veterans preference points into our County solicitations within the local small business reserve program, we not only honor the service and sacrifices of our nation's heroes but also foster a more diverse and resilient local economy, where veteran-owned businesses can thrive and contribute to the well-being of our community." The Office of Procurement hosts online open house sessions monthly, with the upcoming January 15 session set to discuss the new VBPP.
Support for veterans and their families is apparent in the region, as evidenced by Michael Wilson, chair of the Montgomery County Commission on Veterans Affairs, who noted: “The passage of Bill 10-24 further demonstrates the County’s commitment to Veterans and their families and shows much deserved support for their service to our country." Overall, the induction of the VBPP is seen as a step forward in recognizing the contributions of veterans and aiding them in cultivating successful businesses at the local level.
