The Service-Disabled Veteran-Owned Small Business Concern Program (SDVOSBC) requires a business owner to prove ownership and control, as well as establish guidelines for sole source and set-aside procurement opportunities. A business must meet the following specifications to be considered eligible for the SDVOSBC program: Must have a service-connected disability that has been determined by the Department of Veteran Affairs or the Department of Defense
- Must be considered small under North American Industry Classification System (NAICS) code assigned to procurement
- The Service Disabled Veteran must unconditionally own 51%, control and manage daily operations, and hold the highest officer position in their business.
In 1999, the Veterans Entrepreneurship and Small Business Development Act was created. This act has a goal to generate about $15 billion of all prime and subcontracting government contracting dollars for owned and controlled Service-Disabled Veteran-Owned Businesses (SDVOB). The SDVOB program provides a number of sole source contract advantages and exclusive awards only made available to contractors accepted into the program.