The government recognizes veteran entrepreneurship as an important aspect of veterans’ health and our societal well-being. The Veterans Entrepreneurship and Small Business Development Act of 1999 established initiatives to meet these needs and set standards for reserving a percentage of federal contract opportunities for veteran owned and service disabled veteran owned companies.
What’s at Stake
The government’s goal is 8% of all federal contracts be set-aside for veterans and service disabled veterans. This is roughly around $35 billion every year.
Divided evenly, that would be an annual income of $490,720 per year for every Veteran Owned Small Business and $789,806 for every Service Disabled Veteran Owned Small Business.*
How long does a VetBiz registration last?
On February 21, 2017 the VA published a change to 38 CFR part 74 extending the registration length of VetBiz certified firms from 2 to 3 years.
Initiatives of the SDVOSB Program
Be prepared to meet emergent national needs
- Eliminate Veteran homelessness
- Deliver benefits and services using modern technology
- Automate GI Bill benefits
Improve Healthcare and Reduce Cost
- Conducting research and using informatics systems such as Virtual Lifetime Electronic Record and Veterans Relationship Management (VRM)
- Simplify Healthcare Documents
- Improve veterans’ mental health
- Design Veteran-centric health care
Develop systems and methods to drive performance and outcomes.
- Use human capital effectively
- Strengthen VA management infrastructure
- Optimize VA Investment Plan
How to Get Started
For a chance to win these contracts, businesses must:
- Be registered in the System for Award Management
- Be certified through the US Department of Veteran’s Affairs (VA)
VA Certification as a Veteran Owned Business (VOSB) or Service Disabled Veteran Owned Business (SDVOSB), aka VetBiz certification, requires the following:
- Being a small business (the size standard varies depending on your industry)
- 51% ownership by one or more veteran(s) or service disabled veteran(s)
- This person or people must manage the company and daily business operations
- For Service Disabled Veterans, you must have a service-connected disability that has been determined by Veteran’s Affairs or the Department of Defense.
- The DD Form 214 - Certificate of Release or Discharge from Active Duty
How USFCR Can Assist
Submitting paperwork properly is a US Federal Contractor Registration specialty. Our VetBiz (Service Disabled Veteran-Owned Business Registration) Registration includes the following:
- Submission of Identity Verification
- Personal (Sole Proprietor)
- Corporate (LLC)
- License Application Filing
- Employment Verification and Classification
- Submission of VOSB/SDVOSB IRS Federal Tax Accreditation
- Copies of past contracts/proposals
- Payroll Distribution Ledger Summary
- Income Tax Return Notice
- Filing and Documenting of the Services & Operating Agreement
- Legal Structure Agreement Completion