How Vet-Owned Small Businesses can Capitalize on Gov't Contracts

Category: Work
Created on Friday, November 04 2011
Written by Veterans Enterprise

Veteran Owned BusinessThe federal, state and local governments have created veteran-owned small business programs – allowing a veteran (or service-disabled veteran) business owner to certify their firms to receive procurement preferences. For instance, the Veterans Entrepreneurship and Small Business Development Act of 1999 sets an annual government wide goal of 3 percent of the total value of all prime contract and subcontract awards annually for small businesses owned and controlled by service-disabled veterans. But in fiscal year 2010, only 2.5 percent were awarded to service-disabled veteran business owners.

So how can veteran entrepreneurs get their full share of government contracts?

Lourdes Martin-Rosa, American Express OPEN Advisor on Government Contracting, offers the following tips: