Small business funding

Veteran Entrepreneurs Blame Trump’s VA Cuts for Business Failures

Following recent VA budget cuts, RB Consulting, Inc., a veteran-owned firm, experienced a 50% revenue loss and had to lay off 45 employees. These cuts, totaling $2 billion, stemmed from new VA Secretary Doug Collins’s directive to redirect funds towards veteran healthcare and benefits. The affected contracts encompassed various services, including IT modernization and the development of veteran disability evaluation surveys. This situation highlights the vulnerability of veteran-owned businesses heavily reliant on VA contracts and the significant human impact of such drastic budget decisions.

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