Service-Disabled, Veteran-Owned Small Business (SDVOSB) refers to a rewarding initiative sponsored by Small Business Administration (SBA) that aims to provide preferential consideration for certain government contracts to small businesses that meet specific criteria. The key eligibility requirements for a business to qualify as an SDVOSB include being a small business, being at least 51% owned and controlled by one or more service-disabled veterans, and having one or more service-disabled veterans manage both the day-to-day operations and long-term decisions of the business. The program is an expression of gratitude towards service-disabled veterans, promoting their entrepreneurial endeavors by offering them a privileged position in securing government contracts.
In addition, the program also extends its benefits to veterans who are permanently and totally disabled and are unable to manage the daily business operations of their business. In such cases, the business can still qualify for the program if the veteran’s spouse or a permanently appointed caregiver assists in managing the business. For further details, interested individuals can refer to Title 13 Part 125 Subpart B of Code of Federal Regulations.
SDVOSB program is more than a business initiative; it is an opportunity for service-disabled veterans to assert their capabilities beyond their service life. It acknowledges their skills, dedication, and resilience, and provides them with a platform to continue serving their nation in a different capacity.
