For acquisition managers, program managers, and suppliers serving the federal government, the challenge of sourcing the right solutions for mission-critical applications is daunting enough. Finding a partner in this process that understands your technology requirements and can help you consider the socioeconomic development goals of the US Small Business Administration just adds to the challenge. These set asides were built to help diversify and strengthen the defense supply base. They give the small businesses a realistic opportunity to compete, and give the US Government access to niche, specialized, value-add capabilities.
As a federal government prime contractor, you have a requirement to subcontract to small businesses. Doing this in a way that brings value to the customer and provides the best solution for mission critical application in service of our warfighters is a commitment shared among the industry. But identifying the procurement opportunities that meet all of these requirements can’t detract from your mission. This is where it helps to have a partner that can provide best-in-class technology and adherence to these federal requirements.
TEVET is HUBZone-certified business, which stands for Historically Underutilized Business Zone Empowerment Contracting Program, and was established to give small businesses more opportunities to compete for large government contracts. Specifically, the HUBZone program targets small businesses in economically challenged areas with high unemployment. HUBZones are designated by the Department of Housing and Urban Development using census data. These small businesses help create jobs and drive investment in impoverished communities. The federal government has a goal of awarding three percent of contracts to HUBZone-certified businesses, an ambitious challenge that has yet to be met.
We’re also a Service-Disabled Veteran-Owned Small Business, which similar to the HUBZone program, seeks to award three percent of government contracts to businesses owned by disabled veterans. Our founder, Tracy Solomon, is a third-generation service-disabled veteran who spent six years in the Navy where he calibrated electronic test equipment. When researching the Small Business Act, he recognized a need in the area of test and measurement and founded TEVET. We set out to make the acquisition of technical products easier for customers, suppliers, and partners, and we’ve done this for more than 16 years by building an understanding of the challenges the aerospace and defense industries face.
We take these small business set aside classifications seriously, and these designations are part of our mission to provide service to Country, Customer, and Community. As a small, veteran-owned business, encouraging economic development in underutilized areas is a direct investment in the communities where we work and live.