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The Very Small Business Program aims to improve access to federal government contract opportunities for businesses that are significantly below the SBA's size standards. It focuses on companies with 15 or fewer employees and average annual receipts not exceeding $1 million. By reserving certain procurements exclusively for competition among very small businesses, this program fosters growth and sustainability among these enterprises in designated pilot districts. The contract values range from $2,500 to $50,000, encouraging participation and engagement.
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The Very Small Business Program • Purpose • To improve access to Federal Government contract opportunities for concerns that are substantially below SBA’s size standards by reserving certain procurements for competition among VSB concerns.
The Very Small Business Program • 15 or fewer employees, and • Average annual receipts not exceeding $1M • Pilot Districts • $2500 - $50K