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SDVOSB Certification Strength

There are approximately 25,800 verified SDVOSB firms performing business with the Federal Government. In 2020, those firms have shared $23.8B in federal contracts. This works out to $923K per firm in federal contracts. When we look at broad lines of business, we see the following concentrations. There are around 30 million small businesses in the United States. Of those small businesses, the average revenue is around $500K. The average federal revenue that an SDVOSB firm receives provides is almost 2x the normal small businesses revenue.

Below is a breakdown by major industry classification:

 

SDVOSB Certification

Spending

Research and Development

319,001,749

Services

18,238,928,710

Products

5,244,722,206

Total

23,802,652,665


As you can see the majority of federal SDVOSB spending is with services. The largest of the services for SDVOSB is Professional, Scientific and Technical Services, known for the most part as Information Technology. If we look at the numbers, 60% of IT spending with SDVOSB firms occurs in the DC, Maryland, Virginia, or DC Beltway. There are still opportunities in other States, as 40% or $4.5B does occur throughout the rest of the United States, where there is generally less competition for those dollars.
 

Federal IT Spending w/ SDVOSB Firms

Spending

DC

1,799,266,499

Maryland

1,204,697,621

Virginia

3,622,066,935

Other States

4,498,728,876

Total

11,124,759,931


As you can see from the Table below, SDVOSB firms have sales in all Industries.  Utilizing a SDVOSB verification can provide strong revenue growth for firms in almost any industry or geographic location.
 

Federal Spending w/ SDVOSB firms by Category

Spending

Agriculture and Forestry

6,818,635

Mining, Quarrying, Oil and Gas

2,951,296

Utilities

8,867,329

Construction

3,682,641,099

Manufacturing

2,745,244,276

Wholesale Trade

432,976,052

Retail Trade

27,865,206

Transportation and Warehousing

1,183,953,491

Information

491,283,192

Financial and Insurance

184,409,070

Real Estate and Rental and Leasing

43,145,676

Professional, Scientific, and Technical Services

11,877,863,261

Administrative and Support and Waste Management and Remediation Services

1,772,889,004

Educational Services

623,600,335

Heath Care and Social Assistance

464,500,536

Arts, Entertainment, and Recreation

7,961,397

Accommodation and Food Services

70,103,869

Other Services

174,281,580

Public Administration

1,297,361

Total

23,802,652,665


If you would like to go over the qualifications and/or specific benefits that an SDVOSB Certification could bring to your business, I always recommend contacting an industry expert such as ez8a or Advance 8a. Neither charge for an initial consultation.

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