Veteran Benefits in the Federal Marketplace: A Quick Overview
First and foremost, while any U.S. business owner can register to work with the federal government, the Federal Marketplace opportunities available to you will be much more valuable and easier to access if your company has a veteran-owned small business (VOSB) or a service-disabled veteran-owned small business (SDVOSB) certification . The Benefits of Being a VOSB or SDVOSB VOSB organizations, for example, are offered particular benefits such as: · Exclusive access to 3% of yearly federal contracts · Additional contracts in the private sector have been set aside. · Open-bid contract bidding preferences How to determine whether you’re Eligible for a VOSB or SDVOSB Certification The most important eligibility requirements for both VOSB and SDVOSB certifications are that organizations have a 51 percent majority ownership of full-time veteran managers who handle day-to-day operations that they qualify as a small business and that they navigate comple