Veteran Owned Small Businesses

In October of 2004 President George W. Bush directed all federal agencies to implement Executive Order 13360 (EO 13360). This expanded business opportunities for Service Disabled Veteran Owned Businesses in a way that honored men and women who have proudly served our country. Today in the United States there are around 5 million Veteran Owned Small Businesses (VOSB) and close to 500,000 Service Disabled Veteran Owned Small Businesses (SDVOSB) throughout the country.

In 2013 Form 10 Group Inc. became certified as a Service Disabled Veteran Owned Small Business through VetBiz. This was a several month long undertaking which not only validated the company ownership’s status as a service disabled veteran, but also thoroughly vetted the company’s financials, service history and customer satisfaction reports. This designation has enabled prime contractors we work with to get a more competitive edge when bidding on projects.   Form 10 Group has directly benefitted by having additional bidding opportunities for our growing services offering.

The goal of these programs is to provide an opportunity for veteran owned small businesses to compete in the government contracting, while helping government agencies, prime contractors and businesses easily identify such companies. Historically this was a challenge as many of the business were small and specialized. Now a national database containing previously vetted veteran owned businesses has made it easy for government agencies and prime contractors to find qualified VOSBs and SDVOSBs.

Many state and local government agencies have realized the benefits of working with Veteran Owned Small Businesses. Some have created set asides to help promote prime contractors to engage these companies on their projects. When a prime teams up with veteran owned small business to meet these set asides they are giving a bidding preference that varies from state to state. Several states have even created entities within their procurement agencies to provide these businesses the resources they need to grow and adapt with the ever-changing market place.

The federal government procurement process is complex and challenging for prospective new participants. As such, small businesses have often been reluctant to pursue opportunities within the federal sector. The considerable time and resources involved throughout the bidding process was an additional deterrent for many. There is now a host of services made available to Veteran Owned Small Businesses to assist in this area.  The Service Disabled Veteran Owned Small Business Council is one such resource out there for SDVOSBs. Their primary objective is to ensure that federal, state and local governments meet or exceed the Executive Order 13360 goals. Their secondary objective is to provide information, guidance and resources enhance the probability of business success for the men and woman who have served our country.

The process of becoming a certified Veteran Owned Small Business is simple and straightforward.   Veteran Owned Small Businesses registers with the U.S. Department of Veterans Affairs through a web portal known as VetBiz.  This process includes certification that the company’s primary owner is a Service Disabled Veteran. This is part of the federal government’s Vet First initiative, which encourages large businesses and prime contractors to work with Veteran Owned Small Businesses and helps agencies reach their executive order goals.