The program was established in 2006, to enhance business opportunities for SWaM (small, women- and minority-owned) businesses. SWaM includes a Small Business Set-Aside Program. It also requires state agencies and departments to enhance SWaM participation in procurement activities.
SWaM companies currently capture over 20% of total spend by the Commonwealth of Virginia (Over $1B annual prime/subcontractor combined). The certification is valid for 3 years (only 1 year for newly established business that has not yet submitted tax returns).
A high degree of commonality exists between the administrators for these programs. A summary of the key documents and processes was provided in the Overview Section for our State Unique programs. Please follow link to this content (link to section in overview).
*Only $1000 when combined with 8(a) Certification