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Information for Service-Disabled
Veteran-Owned Small Businesses
Service-Disabled
Veteran-Owned Small Business (SDVOSB)
The term "small business concern
owned and controlled by service-disabled veterans" shall mean
a small business concern which is at least 51 percent owned by one
or more service-disabled veterans; or, in the case of any publicly
owned business, at least 51 percent of the stock of which is owned
by one or more service-disabled veterans; and, whose management
and daily business operations are controlled by one or more service-disabled
veterans or, in the case of a veteran with permanent and severe
disability, the spouse or permanent care-giver of such veteran.
Detailed
Information
The
Veterans Entrepreneurship and Small Business Development Act of
1999
The VETERANS ENTREPRENEURSHIP and SMALL BUSINESS DEVELOPMENT ACT
of
1999 (Public Law 106-50) established an annual Government-wide goal
of not less than 3 percent of the total value of all prime contract
and subcontract awards for participation by small business concerns
owned and controlled by service-disabled veterans. It did not contain
a provision to restrict or "set-aside" contracting opportunities
for service-disabled veterans.
Public Law 106-50 (Summary...pdf)
(Full Text...pdf
)
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Veterans
Benefits Act of 2003
The VETERANS BENEFITS ACT (VBA) of 2003 (PL 108-183) added, in
addition to other
provisions, a contracting mechanism to enable agencies to reach
the 3% prime contracting goal established in 1999. Section 308 of
the VBA of 2003 established a sole source and set-aside procurement
program for service-disabled veteran-owned small business concerns
(SDVOSB).
Public Law 108-183
H.R. 2297 (
Bill | Summary
)
Signed by President Bush on December 16, 2003
See: Sec. 308. - Procurement program for small business concerns
owned and controlled by service-disabled veterans.
Service-Disabled
Veteran Owned Small Business Concern Program (Final Rule)
These final rules implement that section of the recently enacted
Veterans Benefits Act of 2003 (VBA), which addresses procurement
programs for small business concerns (SBCs) owned and controlled
by service-disabled veterans.
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Executive
Order (EO) 13360
On October 20th, 2004, the President signed Executive
Order 13360 calling for an increase federal contracting and subcontracting
opportunities for service-disabled veteran businesses. On December
12th, 2004, the Executive Office of the President issued a memorandum
to all Federal agencies on the implementation of the Executive Order.
This memorandum provides guidance to assist agencies in preparing
their strategies to implement the Order.
Among other things, the Order requires each agency to: develop
a strategy to significantly increase its contracting and subcontracting
with small businesses owned and controlled by service-disabled veterans;
designate a senior-level official to be responsible for developing
and implementing the agency's strategy; and report its progress
annually to the Small Business Administration (SBA).
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