As part of Maryland’s commitment to the growth and success of small businesses, Maryland introduced the Veteran-Owned Small Business Enterprise (VSBE) Program in 2010. The program has evolved to provide contracting opportunities on state-funded procurements for qualified veteran-owned small businesses. Designated agencies and departments are directed to spend at least 1% of the dollar value of their procurement contracts with certified VSBE firms. The University of Maryland reports payment information annually to the State of Maryland to mark progress toward its 1% goal.
Only the work of a certified VSBE firm, performing as either a prime contractor or a subcontractor, can be counted toward an established VSBE contract goal. There is no cost to obtain certification, and once eMaryland Marketplace Advantage (eMMA) certified, firms must renew annually.
The VSBE program is managed by the Governor’s Office of Small, Minority and Business Affairs (GOSBA).
Businesses seeking to participate in the VSBE Program must:
- Meet the size standards adopted by the United States Small Business Administration in 13 C.F.R. 121.201 and any subsequent revision of that regulation, and;
- Be at least 51% owned and controlled by one or more individuals who are veterans. A veteran is defined as an individual who is verified as having served on active duty in the armed forces of the United States, other than for training, and was discharged or released under conditions other than dishonorable.