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Chapter 7 - Promoting the Commonwealth's Socio-Economic Initiatives

7.1 Small businesses, including small businesses owned by women, minorities and service disabled veterans and micro businesses

7.1.1 Overview

VITA is dedicated to dramatically increasing IT value to the Commonwealth by providing world-class IT goods and services at competitive prices and rates. In conjunction, VITA is committed to increasing procurement opportunities for small businesses, including small businesses owned by women-, minority- and service-disabled veteran-owned businesses and micro-businesses. These small businesses can often provide innovative IT goods and services not readily available through larger corporations while fostering opportunities for small business growth. In line with these efforts, VITA is committed to enabling a minimum of three percent (3%) participation by service-disabled veteran businesses as defined in §§ 2.2- 2000.1 and 2.2-4310 of the Code of Virginia when contracting for goods and services by VITA and by executive branch agencies. For more details on VITA’s efforts to encourage small business participation, refer to Appendix A. Also, Refer to Virginia Public Procurement Act (VPPA) § 2.2-4310(E) for definitions of small, small women-, minority- and service disabled veteran-owned businesses. Micro-businesses are defined in Executive Order 35 (2019) as “certified small businesses that have no more than 25 employees and no more than $3 million in average revenue over the three-year period prior to their certification.