8(a) BUSINESS DEVELOPMENT PROGRAM
8(a) Certification
8(a) Business Development Certification is an SBA federal registration that designates your business at least 51% owned, operated, and controlled by socially and economically disadvantaged individual(s).
The program is designed to help small businesses overcome previous hardships by providing access to government contracts.
The SBA goal across all federal agencies is 5% of procurement spending with 8(a) Certified businesses.
The Federal Government has increased its goal for procurement spending across all small disadvantaged business to 15% annually.
8(a) Certification Benefits
Becoming certified to be eligible to compete for sole source and set-aside government contracts and with 10% pricing advantage with SBA support.
Your business can excel in government contracting on a level playing field. Enjoy benefits and the competitive edge that these programs offer.
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Access to Contract Opportunities
Access to government and private sector contracts that are specifically set aside for economically and socially disadvantaged businesses. This can open doors to new business and revenue streams that may not have been available otherwise.
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Competitive Edge
Gives you a competitive edge when bidding for contracts, as it demonstrates that you meet certain standards and criteria, making you a preferred choice among buyers. In addition, 8(a) Certified businesses receive SBA support, including participation in the 7(j) program for training, technical, and business development assistance.
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Subcontracting Opportunities
Prime contractors need qualified 8(a) Certified businesses to meet their subcontracting plans for larger government contracts. 8(a) businesses also get paired with an industry mentor. This is a great way to gain contracting performance history.
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Networking Opportunities
Provides opportunities to connect with other minority-owned businesses and potential clients through various events and networking opportunities. This can help you build new relationships and network with industry contacts.
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9-Year Cert with Dedicated SBA Liason
Get a dedicated SBA specialist to help you navigate and coach you in federal contracting. Access to funding and resources, such as loans, grants, purchasing networks, and training programs, which can help your business grow and succeed. 8(a) also significantly increases the effectiveness of a GSA Schedule as a preferred vendor.
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Improved Credibility
Improve the credibility of your business, as it demonstrates that you have been independently verified as minority-owned and meet certain standards, instilling trust and confidence among clients and partners.
8(a) Certification Eligibility
SBA Qualification Criteria:
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At least 51% owned, operated, and controlled by a U.S. citizen(s) qualified as economically and socially disadvantaged individual(s).*
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Demonstrate potential for success (2-Years Experience) & good character.
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Control individual(s) personal Net Worth must be $850k or less, with Adjusted Gross Income of $400k or less, and $6.5M or less in Assets.
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Have not previously participated in the 8(a)Program.
*Economically Disadvantaged Individuals are defined as those for whom impaired access to financial opportunities has hampered the ability to compete in the free enterprise system, in contrast to people in similar businesses not identified as socially disadvantaged.
*Socially Disadvantaged Individuals are defined as those who have been historically subjected to racial or ethnic prejudice or cultural bias within the larger American culture. Identified groups: African Americans, Asian Pacific Americans, Hispanic Americans, Native Americans, and Subcontinent Asian Americans.