What is an 8a contractor?

What is an 8a contractor?

The 8(a) Business Development Program is a business assistance program for small disadvantaged businesses. The 8(a) Program offers a broad scope of assistance to firms that are owned and controlled at least 51% by socially and economically disadvantaged individuals.

How do I find an 8a company?

5 Ways to Find 8a Contract Opportunities

  1. Visit the Federal Business Opportunities web site.
  2. View each Federal agency’s long range acquisition forecast (LRAE).
  3. Contact each Federal agency’s OSDBU (Office of Small Disadvantaged Business Utilization) office.
  4. Visit the Federal Procurement Data System web site.

What is a HUBZone contractor?

The HUB- Zone program provides contracting assistance to small businesses located in economically distressed communities, referred to as historically underutilized business zones or HUBZones, to promote job growth, capital investment and economic development in these areas, including Indian reservations.

How do I know if my business is in a HUBZone?

A firm certified at the time of initial offer will generally be considered a HUBZone small business throughout the life of that contract, and a firm that receives a HUBZone contract must attempt to maintain 35% employment of HUBZone residents by demonstrating that it employs at least 20% HUBZone residents and is making …

What is the 8a process?

The SBA 8a Business Development Program is the governmental program run by Small Business Administration (SBA) to lend a hand to small disadvantaged businesses in receiving governmental contracts. Specifically, the annual goal of the Gov’t is to award at least 5% of all contracts to such companies.

What is an 8a form?

Form 8-A is one of the primary forms companies use to register securities for listing or quoting on an exchange under the Securities Exchange Act 1934 for offering to the public.

What is 8a?

An 8a certification limits the field of competition for bidding on federal contracts. 5% of all federal spending is earmarked for 8(a) firms which accounts to more than $34 billion per year in federal contracts. This is more than $4 million per year in federal spending per 8a firm.

How many 8a companies are there?

Of all the businesses in the United States (more than 24 million approximately), fewer than 9,000 have been 8a certified.

What are HUBZone areas?

The Historically Underutilized Business Zones (HUBZone) program helps small businesses in urban and rural communities gain preferential access to federal procurement opportunities. These preferences go to small businesses that obtain HUBZone certification in part by employing staff who live in a HUBZone.

What is a HUBZone area?

The Historically Underutilized Business Zones (HUBZone) program helps small businesses in urban and rural communities gain preferential access to federal procurement opportunities.

How long is the 8a program?

nine-year
The 8a program has a nine-year life span which is divided into two phases: an initial four-year developmental stage and a final five-year transition stage.

What is HUBZone certification?

Are there waivers to the nonmanufacturer rule for HUBZone contracts?

(1) There are no waivers to the nonmanufacturer rule for HUBZone contracts. (2) For HUBZone contracts at or below $25,000 in total value, a HUBZone small business concern may supply the end item of any manufacturer, including a large business, so long as the product acquired is manufactured or produced in the United States.

Is the HUBZone directory a preferred vendor list?

It is a compilation of information voluntarily submitted by HUBZone businesses and can be used by NAVFAC Contracting Officers for market research purposes or prime contractors for HUBZone subcontracting opportunities. It is not a preferred vendor list. Please email [email protected] to be included on this list, or to provide updated information.

Why do we need a HUBZone business directory?

This is a new directory started to assist Historically Underutilized Business Zone (HUBZone) businesses. It is a compilation of information voluntarily submitted by HUBZone businesses and can be used by NAVFAC Contracting Officers for market research purposes or prime contractors for HUBZone subcontracting opportunities.

Who is eligible for HUBZone small business preferences?

Only firms on the list are HUBZone small business concerns, eligible for HUBZone preferences. HUBZone preferences apply without regard to the place of performance.

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