In recognition of their service to our country, the federal government has special programs that confer a preferred status to veteran-owned businesses for contract awards. The government has quotas they strive to attain each year to award percentages of their contracts to these preferred companies. Since the government buys almost everything, you have a ready-made customer base.
Qualifying as a Veteran-Owned Business
There are two types of businesses that may qualify for this designation: a Veteran-Owned Small Business (VOSB) and a Service-Disabled Veteran-Owned Small Business (SDVOSB).
These businesses cannot be “in name only” and require verification by the Department of Veteran’s Affairs.
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