Welcome to the new website of the Virginia Department of Small Business and Supplier Diversity (SBSD) §2.2 1603.
It is even more exciting that you are one of our first visitors to our new home, officially launched on October 3, 2016. It is our objective that you will find the site informative and complete with useful information to serve your business needs. Our goal is that you will visit often for “real time” information on certification; business development and outreach events; access to capital incentives; reporting; and updates on how we play a role as an advocate for Small, Women and Minority Owned (SWaM) businesses—essentially, how we support you!
The mission of the Virginia Department of Small Business and Supplier Diversity (SBSD) is to promote access to the Commonwealth of Virginia’s contracting opportunities by administering the certification process §2.2 1604, a vehicle to promote economic growth of Virginia’s businesses. It is our charge to work with public and private entities to develop supplier diversity and inclusion strategies and thereby, creating contracting opportunities that promote fairness in the state’s procurement process while advancing its Small Business Program and SWaM initiative. Ultimately, we seek to increase the number of certified businesses that have the opportunity to compete as well as expand the total contract dollars awarded to SWaM suppliers based on the Commonwealth’s available discretionary spend.
On July 22, 2014, Virginia’s 72nd Governor Terence R. McAuliffe signed Executive Order 20, Advancing Equity for Small, Women and Minority Businesses (SWaM) . For official information on EO20 , click here. Our primary work in this agency is focused on accomplishing this goal by utilizing tools to build the capacity of SWaM businesses and to assist in facilitating capital solutions that fund business development and expansion. In the New Virginia Economy, we want to grow sustainable enterprises that create jobs and become wealth builders.
There is great history to be regarded in the two legacy agencies–the former Virginia Department of Business Assistance (DBA) and the Virginia Department of Minority Business Enterprise (DMBE). There is great purpose and history to be made in the combining of the two to form the Virginia Department of Small Business and Supplier Diversity as your “one stop” for business development in Virginia §2.2 1605.