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About: New Jersey provides certification for Veteran-Owned Businesses (VOB) and Disabled Veteran-Owned Businesses (DVOB). To qualify as a VOB, a business must be independently owned and operated, with at least 51% ownership by veterans. For DVOB certification, the business must meet the same criteria, with at least 51% ownership by disabled veterans or those verified by the VA as service-disabled veteran-owned businesses. This certification process ensures that veteran-owned businesses are recognized and supported within the state.
Certification requires annual re-verification to maintain the status, ensuring that the businesses continue to meet the necessary criteria. This initiative aims to honor the service of veterans and provide them with opportunities to thrive in the business world. By offering certification, New Jersey opens doors to potential state contracts and various funding opportunities, helping veteran-owned businesses grow and succeed. The program is an ongoing effort, with no specific deadline, allowing eligible businesses to apply at any time.
Eligibility:
-Honorably discharged veterans
-Disabled veterans
-Business must be independently owned and operated
Benefits:
-Certification as VOB or DVOB
-Potential access to state contracts
-Funding opportunities
Terms:
-Veteran Owned Businesses (VOB): Businesses that are independently owned and operated, with at least 51% ownership by veterans.
-Disabled Veteran Owned Businesses (DVOB): Businesses that are independently owned and operated, with at least 51% ownership by disabled veterans or those verified by the VA as service-disabled veteran-owned businesses.
-Certification: The process of officially recognizing a business as a VOB or DVOB, which requires annual re-verification.
-State of New Jersey: The governing body providing the certification for veteran-owned businesses within the state.
-Independently owned and operated: The requirement that the business must be managed and controlled by veterans without external influence.
-VA verification: The process by which the Veterans Affairs confirms the status of a service-disabled veteran-owned business.
-State contracts: Opportunities for certified businesses to engage in contracts with the state, potentially leading to increased business and funding.
-Annual re-verification: The yearly process of confirming that a business still meets the criteria for VOB or DVOB certification.
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