Posted on: 6 December 2019Share
Getting any kind of business started is going to be difficult. If you are a disabled vet and trying to get your construction business going, you want to do everything you can in order to get jobs and keep your business working and growing. There are things that you can do in order to make that happen. One of them is to take advantage of the business programs that are actually designed to help small businesses that are owned by vets who are disabled.
Disabled Veteran-Owned Business Program
The federal government has something called set-aside contracts. These contracts are designed to be set apart for one particular demographic -- in this case, small businesses that are owned by disabled vets. The set-aside is designed to give small businesses the same kind of playing field that larger businesses have. For example, a large business and a small business may both bid on the same relatively small job. The large business may be able to get the job solely because they have more employees, and not because they can necessarily do the job better. A set-aside contract is going to go out to qualifying small businesses, so they are competing against each other for jobs -- apples to apples instead of apples to oranges. In order to qualify for one of these contracts, your small business has to meet certain criteria.
There are several criteria that you have to meet in order to qualify for this program for your business. One criterion is you have to be a small business. There are various ways that can be classified; one of them is by what your average yearly income is. If you aren't sure, there are calculators and websites that can help you figure out if you qualify as a small business.
Another criterion is that the disabled veteran must have been disabled while they were in the service, as part of their service. Additionally, one or more service disabled veterans must own at least 51% of the business. On top of that, the person making the day-to-day decisions and managing the business must also be a service disabled veteran.
If you are a service disabled vet and you are trying to get a disabled veteran construction company going, you have options. One of them is to take advantage of a program that is designed to help businesses like yours succeed.