The NVBDC was created for the purpose of providing a credible and reliable certifying authority that would ensure that valid documentation exists of a business' Veteran ownership and control.
Many lucrative businesses opportunities are available to Veteran Owned Businesses through the Supplier Diversity programs offered at many companies and government agencies. In fact, the total spend available to qualifying businesses is estimated to be in excess of $80 Billion annually.
Because the existing Federal Government CVE Veteran Owned Business Certification only covers small businesses, medium and large businesses are left with no acceptable mechanism for establishing bona fide Veteran Owned Business status. In addition, many businesses have complained that the existing CVE certification process is difficult to understand and takes much too long to achieve.