After completing his military career, Shane Carignan began his path in the electrical utility industry as an IBEW Journeyman Lineman reaching the General Foreman position and demonstrating his leadership skills. In 2018, Shane opened the first Fairway division with a few pickup trucks and three employees. Today Fairway is the exclusive tower painting vendor for National Grid in New England & New York. Both, as a proud Iraq War Veteran of the US Army and the Fairway CEO, Shane’s focus has always been the safety of his people. In 2023, Fairway Electric now has five divisions and a fleet of 100 vehicles.
What Are the Advantages of Working with an SDVOSB?
There are a number of reasons why it is advantageous to work with an SDVOSB like Fairway Electric Inc.
First of all, any business certified as an SDVOSB has to have acquired that designation through the Veterans Administration (VA). This means that an SDVOSB has already undergone a vetting process by an external authority. The VA also sets aside the majority of its contracts for SDVOSBs.
Beyond this, due to the Veterans Entrepreneurship and Small Business Development Act of 1999, the federal government as a whole has set a goal of granting no less than 3% of the total value of all its prime contract and subcontract awards to SDVOSBs.
This means that if you represent a government agency, engaging Fairway Electric Inc. will allow you to fulfill an important regulation.
Most government agencies fail to do this more often than not, despite an Executive Order signed by President George W. Bush in 2004 requiring each agency to have a strategy to meet SDVOSB contracting goals.
It is therefore a vital priority that agencies strive to work with more firms owned by service-disabled veterans.
SDVOSBs and Private Sector Partnerships
If you are a large private business seeking to be a prime contractor on a government project, partnering with an SDVOSB like Fairway Electric Inc. will give you an advantage when bidding for the job. This is because many government contracts stipulate that prime contractors meet a small business participation goal as a part of their agreement with a federal agency.
Having an SDVOSB as a part of your team as a subcontractor would be of great benefit to any larger business entity that wishes to work with the Department of Defense (DoD).
The DoD will be the most inclined to have confidence in the knowledge and experience of the veterans at the helm of the SDVOSB, counting on them to understand the goals associated with military-based projects.
Perhaps most important is the contribution that your business or agency can make to the veteran community as a whole by choosing to partner with an SDVOSB. That’s because Fairway Electric Inc. hires other veterans, thereby “paying it forward” when it comes to employment.
Whether your reasons are monetary, patriotic, or both, it makes sense to do business with SDVOSBs.