Small businesses with veteran owners can certify under a new, streamlined system run by the Small Business Administration – a move which makes them eligible to compete for certain sole-source and set-aside contracts across the government.
The Veteran Small Business (VetCert) program began accepting applications for three-year certifications on Jan. 9, according to a press release. Small businesses certified under the VA Center for Verification and Evaluation (CVE) will receive a one-year extension of that certification through Dec. 31, per the release.
Eligible businesses must fall within small business size standards for their industry and “have no less than 51% of the business owned and controlled by one or more veterans,” according to the release. Further eligibility requirements, including those required to receive certification as a service-disabled veteran-owned small business (SDVOSB), are available in the Federal Register.
[RELATED: Check Out These Resources for Military Spouse Entrepreneurs]
As of Jan. 1, 2024, small businesses must be veteran-certified, or have an application pending SBA decision, to secure set-aside contracts.
“Small businesses owned by veterans are eligible for key benefits and well-deserved support because of their owners’ selfless service to our nation,” VA Secretary Denis McDonough said in the release. “Certification is a critical part of that process, and I encourage all eligible veterans to submit their verification applications to the Small Business Administration starting today.”
MOAA’s transition and career experts can assist with all manner of professional paths after service, to include entrepreneurship. Some online resources include:
- A MOAA webinar recording featuring a panel of successful veteran entrepreneurs who offer advice for fellow self-starters at all stages of the process. (Note: This webinar is available only to Premium and Life members; learn more about joining or upgrading your membership at this link.)
- More advice from fellow veterans, in a discussion highlighted as part of MOAA’s 2020 Transition Guide.
- An entrepreneur-focused episode of DD-214: Discover What’s Next, MOAA’s five-part podcast featuring tips and guidance on military-to-civilian transition.
MOAA Premium and Life members can explore entrepreneurship resources as part of a one-hour consulting session with a member of our career and transition team. Email firstname.lastname@example.org with your membership number and availability to set up an appointment.
Get more resources on entrepreneurship and other civilian career paths at MOAA’s Transition and Career Center.
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