GSDT Fintech Group Inc. (GSDT)

[Insight1]

Purpose of the SDVOSBC Program

The purpose of the Service-Disabled Veteran-Owned Small Business Concern Procurement Program is to provide procuring agencies with the authority to set acquisitions aside for exclusive competition among service-disabled veteran-owned small business concerns, as well as the authority to make sole source awards to service-disabled veteran-owned small business concerns if certain conditions are met. (See Code of Federal Regulations (CFR) 13 C.F.R. § 125.8-125.10).
Eligibility

In order to be eligible for the SDVOSBC, you and your business must meet the following criteria:

The Service Disabled Veteran (SDV) must have a service-connected disability that has been determined by the Department of Veterans Affairs or Department of Defense

The SDVOSBC must be small under the North American Industry Classification System (NAICS) code assigned to the procurement

The SDV must unconditionally own 51% of the SDVOSBC

The SDVO must control the management and daily operations of the SDVOSBC

The SDV must hold the highest officer position in the SDVOSBC

SDVO Business Control

To be an eligible SDVOSBC the following must be met:

The management and daily business operations of the concern must be controlled by one or more service-disabled veterans.

Control by one or more service-disabled veterans means that both the long-term decision making and the day-to-day management and administration of the business operations must be conducted by one or more service-disabled veterans

The management and daily business operations of which are controlled by one or more service-disabled veterans or, in the case of a service-disabled veterans or, in the case of a service-disabled veteran with permanent and severe disability, the spouse of permanent caregiver of such veteran

Service-disabled veteran means a veteran with a disability that is service-connected.

Ownership must be direct. Ownership by one or more service disabled veterans must be direct ownership.

A concern owned principally by another business entity that is in turn owned and controlled by one or more service-disabled veterans does not meet this requirement.



I've included the two most relevant blurbs from the SBA. As you will note in the italicized sections, I am correct.