Being certified as a “small business” is only significant if you’re interested in government contracting. Why? Because there are certain set-asides that the government must adhere to when they’re looking to buy goods or services – there’s a percentage of business set aside for different kinds of companies, including small, woman-owned, veteran-owned, and other disadvantaged groups. If you want to be a contender in the federal marketplace, your small business has to meet official criteria to be eligible for government contracts. Information and eligibility requirements for each of the federal certifications is below.