According to new rules announced today, veteran-owned and service-disabled veteran-owned small businesses must have only one business in the federal contract set-aside program and work in that business full-time. The rule states that firms “not closely held by veterans will find it much more difficult to qualify for the Verification Program."
The rule also states that any “firm registered in the VA VetBiz VIP database that is found to be ineligible due to an SBA protest decision or other negative finding will be immediately removed from the VetBiz VIP database."
According to the U.S. Small Business Administration, federal agencies spent more than $13.8 billion with VOBs and $6.4 billion with SDVOBs.
 
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