Information for Veteran-Owned Small Businesses

Veteran-Owned Small Business (VOSB)
The term "small business concern owned and controlled by veterans" shall mean a small business concern which is at least 51 percent owned by one or more eligible 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 veterans; and, whose management and daily business operations are controlled by such veterans. 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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