SDVOSB (Service-Disabled Veteran-Owned Small Business)

SDVOSB stands for Service-Disabled Veteran-Owned Small Business and is a designation that helps identify businesses owned by veterans who have been disabled while serving. SDVOSBs are eligible to receive federal government contracts as part of the small business set-aside program in the United States. This designation not only provides these veteran-owned businesses with access to more contract opportunities but also provides them with an advantage when competing for government contracts. Furthermore, the Small Business Act requires that each U.S. Department and Agency allocates 23% of prime contracts to small businesses every year as a way to support economic growth and job creation. As such, SDVOSBs play an important role in helping the U.S. reach this goal.