The advantages of the VOSB/SDVOSB certification extend beyond preferential access to bidding on federal contracts. Certified businesses often experience increased visibility and credibility in the government contracting community, which can translate into expanded business opportunities. Additionally, the U.S. government strongly emphasizes supporting veteran-owned businesses, which can facilitate networking opportunities, mentorship, and further business development resources.
Eligibility Requirements
Businesses must meet specific criteria to be eligible for the VOSB or SDVOSB certification. Notably, ownership and daily operations must be controlled by one or more veterans with honorable service records. Other eligibility requirements include but are not limited to:
- Business must be 51% owned and controlled by a Veteran U.S. citizen
- Veteran must hold the highest officer position and receive the highest compensation in the company
- Business must be properly licensed with federal and state government
- Veteran has no federal debts or obligations outstanding
- Access to DD214 form