FAQ What is a Service Disabled Veteran Owned Small Business?
What is a Service Disabled Veteran Owned Small Business (SDVOSB)? The Small Business Administration issued an interim final rule, establishing a Service-Disabled Veteran-Owned Small Business Concern Program. The purpose of the Service-Disabled Veteran-Owned Small Business Concern Procurement Program is to provide procuring agencies with the authority to set acquisitions aside for exclusive competition among service-disabled veteran-owned small business concerns, as well as the authority to make sole source awards to service-disabled veteran-owned small business concerns if certain conditions are met.
In order to be eligible for the SDVOSB, the business must meet the following criteria:
•The Service Disabled Veteran (SDV) must have a service-connected disability that has been determined by the Department of Veterans Affairs or Department of Defense
•The SDVOSB must be small under the North American Industry Classification System (NAICS) code assigned to the procurement
•The SDVOSB must unconditionally own 51% of the SDVOSB
•The SDVOSB must control the management and daily operations of the SDVOSB and
the SDVOSB must hold the highest officer position in the SDVOSB.
Wright Management and Consulting Group, LLC meets these criteria and was accepted into this program.
In order to be eligible for the SDVOSB, the business must meet the following criteria:
•The Service Disabled Veteran (SDV) must have a service-connected disability that has been determined by the Department of Veterans Affairs or Department of Defense
•The SDVOSB must be small under the North American Industry Classification System (NAICS) code assigned to the procurement
•The SDVOSB must unconditionally own 51% of the SDVOSB
•The SDVOSB must control the management and daily operations of the SDVOSB and
the SDVOSB must hold the highest officer position in the SDVOSB.
Wright Management and Consulting Group, LLC meets these criteria and was accepted into this program.