The mission of the Virginia Department of Small Business and Supplier Diversity (SBSD) is to provide education and assistance; economic opportunity; and access to capital to generate employment and economic growth for small businesses.
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.
It is our objective that you will find our website 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!