In accordance with Title 38 Section 101 (2), a Veteran is a person who served on active duty with the U.S. Army, Air Force, Navy, Marines or Coast Guard, for any length of time and at any place and who was discharged or released under conditions other than dishonorable.
Veterans are also reservists or members of the National Guard called to Federal active duty or disabled from a disease or injury incurred or aggravated in the line of duty or while in training status also qualify as a veteran.
A Veteran-owned Business is a business where not less than 51% of which is owned by one or more veterans, or in the case of any publicly owned business, not less than 51% of the stock of which is owned by one or more veterans; and the management and daily business operations of which are controlled by one or more veterans.
The U.S. Congress passed the Veterans Entrepreneurship & Small Business Development Act in 1999. This act established programs for veterans and service-disabled veterans who own and operate small businesses. Specifically, the act established that veteran owned small businesses be afforded the opportunity to participate in the performance of contracts and subcontracts awarded by any federal agency. It is estimated that there are 4 to 5.5 million small businesses owned and controlled by veterans. Ohio Technical Services, Inc., is owned and operated by a Veteran of the United States Navy.
See the VetBiz Registry for more information. VetBiz Registry is a service of the United States Department of Veterans Affairs and the Center for Veterans Enterprise.