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The United States Government sets aside contract benefits for companies considered to be "Service-Disabled Veteran-Owned Small Business" (SDVOSB). [1]The most notable of these contracts are the Veterans Government-wide Acquisition Contracts (VETS-GWAC) [2] issued in accordance with Executive Order 13360, [3] which is designed to strengthen federal contracting opportunities for SDVO firms.
The Stephen L. Tadlock Veteran Grant provides valuable small business grants for disabled veterans and veteran-owned small businesses with two to 100 employees. It offers microgrants that ...
The Veteran Readiness and Employment program (VA Chapter 31) offers vocational rehabilitation, training, and other career services for Veterans who have a service-related disability. [9] The Veteran Small Business Certification program provides advantages for Veteran-owned small businesses competing for government contracts.
They take in about $1.3 trillion in revenue annually. Their numbers have shrunk, however, as the veteran population has aged. In a 2023 report, the SBA found veteran ownership declined from 11% of businesses in 2014 to 8.1% in 2020. Veterans enter the business world prepared with skills they gain in the field like leadership and problem-solving.
Veteran entrepreneurs are considered to be one of three groups of "unsung entrepreneurs" that contribute more to the economy than the general population. Findings from SCORE's 2021 "The Megaphone ...
2006: Veterans Benefits, Health Care, and Information Technology Act of 2006 PL 109-461: requires (in part) that the VA prioritizes veteran-owned and Service-Disabled Veteran-Owned Small Businesses (VOSB and SDVOSB) when awarding contracts to small businesses. [76] 2013: FOR VETS Act of 2013 Pub. L. 113–26 (text)