Every year, the federal government awards a portion of contracting dollars specifically to businesses owned by veterans.
The DoD outreach effort aims to improve prime and subcontracting opportunities for veteran and service-disabled veteran-owned small businesses. The DoD believes that the sacrifices made by veterans in the service of our country needs to be recognized at all levels of government.
Discretionary Spending Authority Up to $200,000
An additional tool authorized by the law is the recent extension of the authority for state agencies (not public authorities or public benefit corporations) under State Finance Law § 163 (6) to use discretionary purchasing authority of up to $200,000 to purchase commodities, services and technology to further promote purchasing from SDVOBs. Similar discretionary authority had already been granted to state agencies for procurements from small businesses, minority-owned businesses or woman-owned businesses and now SDVOBs fall into that same category.