Funding for Veteran Institute for Procurement (VIP) Included in Maryland FY15 Operating Budget

Date: 
April 9, 2014

FOR IMMEDIATE RELEASE
Date: April 9, 2014
Contact: Barbara Ashe
301-738-0015 x215
bashe@mcccmd.com

Funding for Veteran Institute for Procurement (VIP) Included in Maryland FY15 Operating Budget

Rockville, MD – The State of Maryland FY2015 Operating Budget includes $150,000 in funding for the Veteran Institute for Procurement (VIP). Thanks to the support from Maryland, the Montgomery County Chamber Community Foundation (MCCCF) will have the resources to provide two VIP programs next year, doubling the number of veterans served.

In Governor O’Malley’s proposed budget, he recommended allocating funding to the country’s first-ever program to train service-disabled and veteran-owned businesses to succeed in the federal contracting market. The Legislature reviewed the proposal during the 90-day legislative session and voted to preserve the funding, making Maryland the first state in the Nation to support VIP.

Based at the Bolger Center in Potomac, Maryland, VIP is a 27-hour, 3-day comprehensive certification program designed for veteran-owned businesses to increase their ability to win government contracts by establishing best business practices. Since the program began in 2009, 348 veteran-owned businesses nationwide have graduated from the program.

VIP is proven to make Maryland veteran companies more competitive. A survey of 143 VIP graduates reported that they added 1,586 jobs since graduating from the program and on average have increased their revenue by an average of 45% within the first year of graduation. Perhaps even more importantly, more than 81% said that they changed the way they do business.

For more information, visit www.NationalVIP.org.

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MCCC Strategic Partners