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Benefits Of A Small Business

Decent Essays

Small-Business Preference
Service-Disabled Veterans have earned the right to receive certain preferences for government contracting because they volunteered to serve their country. Congress established programs to benefit Service-Disabled Veterans, choose three programs and describe these programs. Explain how these programs benefit a small business over a large business.
Small Disadvantaged Business The Small Disadvantage Business was established by Congress to provide an opportunity to businesses that are consider disadvantaged. This group has to be subject to racial or ethnic prejudice, or cultural bias. The candidates for this program have limited access to capital or credit opportunities. They have to be part of a minority ethnic group usually, Hispanic, Asian, African American, and Native American. These groups are considered to be socially disadvantaged according to the regulations. The business that is owned has to be at least fifty one percent controlled by a socially, and economic disadvantage individual. There is also an income restriction. The individual cannot have income, and property that exceeds seven hundred, and fifty thousand dollars (Business, 2001).
Service-Disabled Veteran Owned Business This preference program is for was establish for veterans that have a service connected disability that was determine by the Department of Veteran Affairs the business still has to be certified as a small business, under the criteria issued by the North American

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