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Office of Small and Disadvantaged Business Utilization

Small Business Program Policy Manual

Veteran and Service-Disabled Veteran Owned Small Business Program

****This chapter is pending revision****

A. BACKGROUND

The purpose of the Veterans’ Act (Public Law 106-50) is to provide additional technical, financial and procurement assistance to veteran and service disabled veteran owned small businesses, to expand existing assistance programs and to establish new opportunities for veterans who own or operate small businesses.

B. AUTHORITY

The “Veterans Entrepreneurship and Small Business Development Act of 1999,” (Veterans Act) Public Law 106-50 was signed into law by President Clinton on August 16, 1999 and applies to Federal solicitations issued on or after October 1, 2000; and Public Law 108-183 implements set-aside provisions for service-disabled veteran-owned small businesses.

C. ELIGIBILITY AND DEFINITIONS

A Veteran is a person who served in the active military, naval or air service and who was discharged or released there from under conditions other than dishonorable. A Service-Disabled Veteran - veteran with a disability.

A Small Business Concern owned and controlled by a Veteran - a small business concern meeting Federal statutory size related regulatory requirements.

A Small Business Concern owned and controlled by Service-Disabled Veterans - a small business concern: 51% ownership by one or more service-disabled veteran and management and daily business operations controlled by one or more veteran.

Specifically, the Veterans’ Act:

expand the eligibility for certain small business assistance programs to veterans;
directs certain departments and agencies to take actions to enhance small business assistance to veterans;
establish new institutions to provide small business assistance to veterans; and
provide access to business development, technical assistance, financial assistance, and procurement assistance.

Last Revised: June 2, 2008

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