A small business concern that is (1) not less than 51 percent of which is owned by one or more service-disabled veterans; and (2) the management and daily business operations of which are controlled by one or more service-disabled veterans.
The Small Business Development Act of 1999 amended the Small Business Act by adding Small Businesses owned and controlled by service-disabled veterans to the categories of small businesses for which the Federal agencies develop prime contract goals.
In December 2003, President Bush signed Public Law No. 108-183, The Veterans Benefits Act of 2003. The Procurement Program for Small Business Concerns Owned and Controlled by Service-Disabled Veterans permits contracting officers to restrict competition to small business concerns owned and controlled by service-disabled veterans. In addition, the law authorizes sole source awards to service-disabled veteran owned small business concerns under certain conditions.
On October 20, 2004, President Bush signed Executive Order (EO) 13360, which directs heads of agencies to provide the opportunity for service-disabled veteran businesses to significantly increase the Federal contracting and subcontracting of such businesses.
The following websites may be helpful when seeking sources and general information on service-disabled or veteran-owned small business programs.
