Veteran-Owned Small Business Enterprise - Participation Documentation
Issued June 20, 2012*
PURPOSE: To provide agencies with standardized procurement forms to be used when a solicitation contains a Veteran-owned Small Business Enterprise participation goal.
VSBEs: Veteran-owned Small Business Enterprises, or VSBEs, must meet size standards adopted by the United States Small Business Administration and be at least 51% owned by one or more individuals who are veterans and control the management and daily operations of the business.
PROGRAM: Agencies are encouraged “to try to achieve an overall minimum of 1% of the unit’s total dollar value of procurement contracts to be made directly or indirectly from veteran-owned small business enterprises.” To achieve this goal, an agency must first determine the potential for VSBE participation for each contract. If the agency determines that VSBE participation is the appropriate procurement strategy, the agency must then establish a VSBE participation goal.
AUTHORITY: § 14-602, State Finance & Procurement Article, Annotated Code of Maryland COMAR 21.11.13.
*Revised April 30, 2019