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Pathway to Procurement: Government Contracting 101

Business ownership isn’t a solo mission. The U.S. Small Business Administration (SBA) has a variety of resources available to support both current and aspiring transitioning service members, veterans, National Guard and Reserve members, and military spouse business owners throughout their entrepreneurship journey. This National Veterans Small Business Week, find out how the SBA can help you during your mission to #VetBiz success!

Did you know that the federal government’s goal is to award at least 3% of all contracting dollars to Service-Disabled Veteran-Owned Small Businesses (SDVOSB) each year? It’s true! In 2018, and for the sixth consecutive year in a row, the federal government exceeded this goal, awarding 4.27% in contracting dollars to SDVOSBs. That means SDVOSBs received over $20.6 billion, which could equate to at least 108K jobs.

Government contracting can offer tremendous financial opportunities for your business, but it can be difficult to figure out where to start. The SBA and its resource partners can help you navigate through the complexities of government contracting.

Here are some resources to help you get started:

Veteran Institute for Procurement (VIP)

The Veteran Institute for Procurement (VIP) is a grantee program under the Veteran Federal Procurement Entrepreneurship Training Program. VIP offers three different courses:

  • VIP START: Designed for businesses that want to enter or expand their business growth into the federal marketplace.
  • VIP GROW: Designed for businesses that want to increase their ability to win government contracts based on business best practices.
  • VIP INTERNATIONAL: Designed businesses that want to enter and/or expand their federal and commercial contracting opportunities overseas.

SBA Learning Center

If you’re looking to enter your VOSB into the federal marketplace, check out the SBA Learning Center. The learning center provides a basic understanding of the federal marketplace and how you can start to position your business to compete for contracts.

SBA Contracting Website

Need more information on the government contracting process? The SBA Contracting Website is your guide to finding, winning, and sustaining contracts. The SBA also offers counseling services and contracting assistance programs to help you gain a competitive edge.

To learn more about the SBA’s government contracting opportunities and resources, check out www.sba.gov/vetbiz today—and don’t forget to share your story on social media using the hashtag #VetBiz!