As Veteran’s Day approaches on Nov. 11, things are looking up for veteran-owned businesses that are seeking government contracts. At the federal level, contract dollars awarded to Service-Disabled Veteran-Owned Small Businesses (SDVOSBs) reached an historic high in FY15. For the 4th consecutive year, the federal government exceeded the goal for SDVOSBs, achieving 3.93 percent or $13.8 billion of all federal small-business-eligible contracting dollars compared to the 3.68 percent or $13.5 billion it achieved in FY14.
In 2017, government contracting opportunities for veterans who qualify as small businesses, including SDVOSBs, should prove to be as good if not better than previous years, says Tiffani Shea Clements, a public affairs specialist for the U.S. Small Business Administration. Things should open up once the new federal budget has been passed, she adds.
“Yes, 2017 has the potential to be a spectacular year for veterans who want to do business with the Department of Veterans Affairs, thanks largely to the Supreme Court’s Kingdomware decision,” says Gloria Larkin, president at TargetGov. The firm helps its clients reach their contracting goals in the federal marketplace. She is also author of “The Veterans Business Guide: How to Create a Successful Government Contracting Business.”
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