Florida Association of Veteran-Owned Businesses, Inc. (FAVOB)

What Florida Association of Veteran-Owned Businesses, Inc. (FAVOB) does

Florida Association of Veteran-Owned Businesses, Inc. (FAVOB) is a 501(c)(6) non-profit statewide business association founded in 2012 and headquartered in Longwood, Florida. It exists to connect, advocate for, and develop veteran-owned businesses (VOBs) operating in Florida, where approximately 185,000 such businesses generate over $57 billion in annual revenue. FAVOB is positioned as the only Florida business association singularly focused on this segment, and it operates through seven regional Growth Hubs (Orlando, Tampa, St. Pete, Space Coast, Panhandle, Miami, and Jacksonville) that host monthly networking events and a Professional Development Series. Membership has grown from 63 members in 2020 to over 400 statewide, spanning B2G, B2B, and B2C business models.

The core product surface consists of an online Member Directory, the Growth Hub event calendar, a Resource Hub, and a tiered Membership Program priced at $149 (non-profit), $189 (business), and six Trustee tiers ranging from $500 (Patriotic) to $10,000 (Command) annually. The underlying technology stack is intentionally lightweight: FAVOB does not operate a proprietary platform and instead relies on the third-party GrowthZone association management system for member management, directory, and event registration. Formal alliances with the US Small Business Administration (Strategic Alliance Memorandum), Veterans Florida, the Florida Office of Supplier Diversity, NaVOBA, and NVSBC provide members with access to federal contracting opportunities, supplier diversity programs, and certification support (VetCert, HUBZone, 8(a), GSA Schedule). FAVOB's monetization is subscription-based through membership dues and trustee sponsorships, supplemented by event sponsorships and newsletter advertising reaching approximately 2,000 subscribers and 10,000+ social media followers.

Name

Florida Association of Veteran-Owned Businesses, Inc. (FAVOB)

Legal name

Florida Association of Veteran-Owned Businesses, Inc.

Website

https://favob.net

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

FAVOB is a Florida-based 501(c)(6) non-profit association that connects, develops, and advocates for over 400 veteran-owned businesses statewide through seven regional Growth Hubs, tiered membership, and formal SBA alliances.

Ownership category

akta.pro rank

Headquarters

HQ city

Orlando

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Membership Dues: Annual membership fees charged at multiple tiers: Non-Profit 501(c)(3) at $149/year, Business Membership at $189/year, and Trustee memberships ranging from $500 to $10,000 annually depending on tier.
2. Trustee Program Sponsorships: Premium sponsorship tiers providing visibility, recognition, and access to the FAVOB network. Trustee partners receive priority directory listings, social media promotion, and event sponsorship opportunities.
3. Event Sponsorships and Featured Business Opportunities: Members can invest in sponsoring networking events and professional development series events, with opportunities to host events at their business locations.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels10 records

Core offering

FAVOB is a non-profit 501(c)(6) statewide membership association that connects, advocates for, and develops veteran-owned businesses (VOBs) in Florida. It sells tiered annual memberships and Trustee partnerships, operates seven regional Growth Hubs offering monthly networking and professional development events, and provides an online member directory plus curated resource access for government contracting and supplier diversity programs.

Differentiator

Problem solved

Functional benefit

Products and services

• FAVOB Membership Program Tiered annual membership for veteran-owned businesses (Business at $189/year) and non-profits (501(c)(3) at $149/year) that grants access to networking events, the online member directory, business support resources, and advocacy representation in Florida.
• FAVOB Trustee Membership Program Premium partnership tiers (Patriotic $500, Tactical $1,000, Operational $3,000, Strategic $5,000, and Command $10,000 annually) providing enhanced visibility, priority directory listing, social media promotion, event sponsorship opportunities, and access to the FAVOB veteran business network.
• FAVOB Member Directory Online searchable business listing platform enabling veteran-owned businesses to be found by the public, with filters for name, location, and certifications such as SBA VetCert, Florida Certified Business Enterprise, and GSA Schedule.
• FAVOB Growth Hubs Regional chapter network hosting monthly in-person networking events and Professional Development Series workshops across seven Florida locations: Orlando, Tampa, St. Petersburg, Space Coast, Panhandle, Miami, and Jacksonville.
• Professional Development Series (PDS) Educational programming offering virtual and in-person professional development opportunities for FAVOB members to learn business management and growth strategies, including topical workshops such as AI for Small Business.
• FAVOB Events Calendar Online event calendar and registration system showcasing FAVOB networking, professional development, and community events across Florida's regional Growth Hubs.
• FAVOB Resource Hub Curated collection of veteran business resources, including the Veterans Entrepreneurship Initiative, Veterans Florida, VBOC, IVMF, Patriot Boot Camp, Bunker Labs, and government contracting support services.

Quantifiable outcome

• 7 out of 10 consumers would prefer to do business with a veteran if given the choice
• +2 more outcomes

Named customers9 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core, major and minor.

• Veterans FloridacoreStrategic or Co-development PartnerFAVOB has established a formal relationship with Veterans Florida for entrepreneurship support and grant funding. Veterans Florida provides financial support for networking events and resources for veteran entrepreneurs.
• Small Business Administration (SBA)coreStrategic or Co-development PartnerFAVOB has a state-wide Strategic Alliance Memorandum with the SBA. FAVOB CEO was appointed in 2023 as a member of the SBA Advisory Committee on Veterans Business Affairs (3-year term). SBA provides small business resources and recognition including South Florida Veterans Advocate of the Year award.
• National Association of Veteran Owned Businesses (NaVOBA)majorStrategic or Co-development PartnerNaVOBA is a collaborator providing training, certification, and connections to Commercial Business Supply Chain opportunities for FAVOB members.
• National Veterans Small Business Coalition (NVSBC)majorStrategic or Co-development PartnerNVSBC is a collaborator providing training and connections to federal Government Contracting (GOVCON) opportunities for FAVOB members.
• Florida Department of Veterans AffairsmajorOthersFlorida Department of Veterans Affairs is listed as a stakeholder with vested interest in FAVOB's success as the only business association representing veteran-owned businesses across the state.
• Florida Office of Supplier DiversitycoreStrategic or Co-development PartnerFAVOB has established formal relationships with the Florida Office of Supplier Diversity to support member access to supplier diversity programs and opportunities.
• Career Source South FloridaminorOthersPartner hosting FAVOB Miami events, such as the AI for Small Business workshop.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Patriot Boot Camp: Patriot Boot Camp is a nonprofit accelerator program for military-connected entrepreneurs, focused on intensive boot camps and a national alumni network. It overlaps with FAVOB's professional development and mentorship offerings and is referenced alongside FAVOB in the veteran entrepreneur resource ecosystem.
• Bunker Labs: Bunker Labs is a national nonprofit supporting veteran and military spouse entrepreneurs through local chapters, programming, and a national network. Comparable to FAVOB's Growth Hubs in offering community, education, and connections, but operating nationally with a different programming model.
• National Veteran Business Development Council (NVBDC): NVBDC certifies service-disabled and veteran-owned businesses and connects them with corporate supplier diversity programs. It directly competes with NaVOBA/FAVOB in the certification and matchmaking layer for the same VOB population and corporate buyer audience.
• National Veterans Small Business Coalition (NVSBC): NVSBC is a federal contracting-focused membership coalition of veteran and service-disabled veteran-owned firms. FAVOB lists NVSBC as a major partner, indicating close alignment on GOVCON training and access — overlapping directly with FAVOB's B2G/SDVOSB programming for the same member base.
• National Association of Veteran Owned Businesses (NaVOBA): NaVOBA is a national nonprofit dedicated to connecting corporate America with certified veteran-owned businesses. Like FAVOB, it runs a certification and supplier-diversity matching model and is explicitly listed as a FAVOB partner. It competes for the same VOB and corporate-sponsor constituencies at the national level.

Broad incumbents

• SCORE (Service Corps of Retired Executives): SCORE is the largest free small business mentoring network in the U.S., supported by the SBA. It serves a broader small-business audience but overlaps with FAVOB's professional development and mentorship offerings for veteran-owned SMBs.
• Institute for Veterans and Military Families (IVMF) at Syracuse University: IVMF is a leading academic institute supporting veteran entrepreneurship through research, training, and programs like Boots to Business. It operates at significantly larger scale than FAVOB and is referenced in FAVOB's resource hub, positioning it as a broader incumbent in the same mission space.
• Veterans Business Outreach Center (VBOC) program / SBA: VBOC is an SBA-funded resource partner network providing business training, counseling, and referrals to veteran entrepreneurs. It is closely tied to FAVOB via the SBA Strategic Alliance Memorandum but offers overlapping services at a national, federally funded scale.

Regional players

• Veterans Florida: Veterans Florida is a state-funded organization supporting veteran entrepreneurs through grants, mentorship, and programming. It is a current FAVOB partner but operates a parallel pathway to the same Florida VOB population, making it a regional peer more than a competitor.

Others

• Minority Business Development Agency (MBDA) Business Centers: MBDA Centers provide business consulting, access to capital, and contracting opportunities for minority-owned firms, including veteran-owned businesses. While not a direct veteran-focused competitor, MBDA Centers operate as an adjacent supplier-diversity infrastructure for many of the same corporate buyers FAVOB trustees serve.

Market position

Strengths1 record

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/FAVOB
• YouTubeyoutube.com/channel/UCmoURQDEABBRBbZ_i1I5a8A
• Facebookfacebook.com/FAVOB
• LinkedInlinkedin.com/company/favob
• Instagraminstagram.com/_favob

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Florida Association of Veteran-Owned Businesses, Inc. (FAVOB)