We are an SDVOSB. What does this mean for you?
Service Disabled Veteran Owned Small Business
We accept GSA SmartPay
LED Waves is a New York State Certified Service-Disabled Veteran-Owned Small Business
(Division of Service-Disabled Veterans’ Business Development (DSDVBD) Control Number: 161301)
Every year, the government spends an enormous amount of money to procure goods and services - almost $500,000 every hour of every day. One of the goals of the Federal Government is to support small businesses, since these provide the majority of the jobs in the US. In pursuit of that goal, the various departments of the government must show each year that a certain percentage of their total procurement came from small businesses.
Within that percentage are certain sub-categories, such as woman-owned, minority owned, etc. Companies that have one or more of these designations have an advantage; the more designations the better. Here's why: let's say you are a Procurement Officer for the Department of the Interior. It is August and your fiscal year ends on September 30.
You look at your procurement history for the year and you notice you are short on the following Small Business categories: HUBZone (this means a business in an area that used to be heavily industrial and is now underutilized and crumbling), Veteran-Owned, Service-Disabled Veteran Owned (a separate category). If you do business with LED Waves, you could use that purchase on all three categories. If you don't use your full budget, it will be cut by Congress next year. A sales rep from LED Waves calls up and explains the many benefits of switching to LED bulbs. You can also get stimulus money that comes from outside your budget to offset the higher purchase price. What would you do?
Thus, our designation as a SDVOB gives us a sustainable competitive advantage with the largest consumer of goods on the planet: the US Government - sustainable because GE, Philips, Sylvania cannot follow us there even if they can beat us on cost.