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Total sales for SDVOSB firms grew from $23.6B in 2019 to almost $26B in 2020. Spread among roughly 24,000 SDVOSB firms, the average sales per SDVOSB firm is over $1MM per year in federal revenue.
IT was a big reason for this growth representing 67% of this growth or $1.6B.
Below are the numbers for SDVOSB firms by NAICS Code Industry Sector for 2019 and 2020. As you can see from the information below, almost half of all SDVOSB sales come from Sector 54, which is Professional, Scientific, and Technical Services. This sector contains the Information Technology Industry, which accounts for the lion’s share of this sector.
Construction, Manufacturing, and Administrative Support are the other three sectors that make up the majority of the other half of SDVOSB federal business.
SDVOSB by Industry Sector
|
Sector |
Sector Description |
2019 SDVOSB Sales |
2020 SDVOSB Sales |
Percentage |
|
11 |
Agriculture, Forestry, Fishing and Hunting |
8,479,979 |
7,616,239 |
-10.19% |
|
21 |
Mining, Quarrying, and Oil and Gas Extraction |
2,221,341 |
3,823,457 |
72.12% |
|
22 |
Utilities |
8,205,857 |
9,538,385 |
16.24% |
|
23 |
Construction |
3,980,932,478 |
4,210,158,002 |
5.76% |
|
31-33 |
Manufacturing |
2,571,877,797 |
2,920,171,248 |
13.54% |
|
42 |
Wholesale Trade |
593,071,980 |
552,041,298 |
-6.92% |
|
44-45 |
Retail Trade |
28,794,141 |
28,526,676 |
-0.93% |
|
48-49 |
Transportation and Warehousing |
1,304,471,005 |
1,330,736,643 |
2.01% |
|
51 |
Information |
385,120,909 |
563,429,798 |
46.30% |
|
52 |
Finance and Insurance |
2,172,261,346 |
187,123,124 |
-91.39% |
|
53 |
Real Estate and Rental and Leasing |
51,092,198 |
48,171,453 |
-5.72% |
|
54 |
Professional, Scientific, and Technical Services |
11,203,377,205 |
12,821,764,858 |
14.45% |
|
56 |
Administrative and Support and Waste Management and Remediation Services |
1,898,523,682 |
1,898,692,143 |
0.01% |
|
61 |
Educational Services |
626,039,687 |
669,308,981 |
6.91% |
|
62 |
Health Care and Social Assistance |
406,501,094 |
468,111,417 |
15.16% |
|
71 |
Arts, Entertainment, and Recreation |
36,866,953 |
10,566,181 |
-71.34% |
|
72 |
Accommodation and Food Services |
49,665,573 |
77,916,306 |
56.88% |
|
81 |
Other Services (Except Public Administration) |
193,744,378 |
186,914,502 |
-3.53% |
|
92 |
Public Administration |
2,929,745 |
1,497,287 |
-48.89% |
|
All |
Total |
23,569,177,348 |
25,996,107,998 |
10.30% |
The robust growth for SDVOSB firms makes this verification more valuable to holders. If you would like to go over the qualifications for becoming a SDVOSB, or how to market an existing SDVOSB, I always recommend contacting an industry expert such as ez8a, Advance 8a or Government Marketing. None charge a fee for an initial phone consultation.
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