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South Dakota
Key Economic Indicators 
Item  Rate 
CPI: 0.3% (Mar 2017) 
GDP Growth:   0.7% (1st QTR 2017)
Prime Interest Rate:   4%
Consumer Confidence:  120.3% (Apr 2017) 
Small Biz Confidence:  104.5% (Apr 2017) 
Avg Gas Price:  $2.38 












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SDV Set Aside Program

The Veterans Entrepreneurship and Small Business Development Act of 1999 set an annual government-wide goal of 3 percent of the total value of all prime contract and subcontract awards for each fiscal year for small business concerns owned and  controlled by service-disabled veterans.

There are no special programs for Veteran Owned Small Businesses with other federal agencies besides the VA.  Other federal agencies only have programs for Service Disabled Veteran Owned Small Businesses in accordance with the Veteran Entrepreneurship and Small Business Development Act of 1999.

This Act allow Veteran Owned Businesses to get awarded contracts with less competition.  They only have to compete with other Veteran Owned Businesses. 

The VA also have a "Veteran First Contracting Program".  What this means is that Service Disabled Veteran Owned Businesses (SDVOSBs) and Veteran Owned Small Businesses (VOSBs) will be considered first and second respectively in awarding contracts to satisfy the VA procurement requirements.  Key elements to the program includes:

1.  It allows Allows sole source contracts over the Simplified Acquisition Threshold up to $5,000,000 (including options)

2.  Authorizes large VA prime contractors to obtain subcontracting credit for SDVOSBs and VOSBs only when they subcontract with verified firms in VIP

Once you have complied with the Veteran Certification requirement you also have to comply with federal requirements for contracting.














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