To be certified as a Veteran-Owned small business, the business must be at least 51% owned by a veteran or service-disabled veteran as determined by the Minnesota Department of Veterans Affairs. In addition, the business must be operated and controlled on a day-to-day as well as long-term basis by the qualifying owner. In other words, ownership is not enough; operational control is also required.
Once certified, Veteran-Owned small businesses may be eligible for up to 6% preference in selling their products or services or bidding on construction projects to the state. In addition, we have the authority to set goals which require prime contractors to subcontract a portion of the work to certified Veteran-Owned businesses on contracts for construction or consulting services.