Service-Disabled Veteran-Owned Small Business Concern Program Law and Legal Definition

Service-Disabled Veteran-Owned Small Business Concern Program is a program initiated by the Small Business Administration which provides that federal contracting officers may restrict competition to Service-Disabled Veteran-Owned Small Business Concerns and award a sole source or set-aside contract where certain criteria are met. The Small Business Act defines an Service-Disabled Veteran-Owned Small Business Concerns (SDVO SBC) as a concern that is at least 51% owned directly and unconditionally by a service-disabled veteran and managed and controlled by a service-disabled veteran, or spouse or permanent caregiver of a service-disabled veteran with a permanent and severe disability. A service-disabled veteran is a person who served in the active military, naval, or air service, and who was discharged or released under conditions other than dishonorable, and whose disability was incurred or aggravated in line of duty in the active military, naval, or air service.