8a sdb program

Strategic Business Consulting. Procurement Matching, Contracting Opportunities. Established Businesses and Growth. Person finder. Advanced search. This is an archived site This site contains information from September - August Visit the current MBDA. Print this page. Image s included. Post a comment. The focus of the program is to provide business development support including: Mentoring Procurement assistance Business counseling Training Financial assistance Surety bonding Other management and technical assistance Participation in the program is divided into two phases over nine years: a four-year developmental stage and a five-year transition stage.

Benefits of the Program The following is a list of benefits of participating in the 8 a Business Development Program. Requirements and Goals of the 8 a Business Development Program The overall program goal is to graduate 8 a firms that will go on to thrive in a competitive business environment. Program goals require 8 a firms to: Maintain a balance between their commercial and government business. To make sure 8 a firms are on track to accomplish their goals and are following requirements, the SBA district offices monitor and measure the progress of participants through: Annual reviews Business planning Systematic evaluations In addition, 8 a participants may take advantage of specialized business training, counseling, marketing assistance, and high-level executive development provided by the SBA and our resource partners.

Eligibility Requirements To qualify for the program, a small business must be owned and controlled by a socially and economically disadvantaged individual.

Generally, successful applicants must also meet the following additional requirements The business must be small according to the Size standards for small business concerns; The business must demonstrate a potential for success generally by being in business for, at least, two years ; The business must be unconditionally owned and controlled by by one or more disadvantaged individuals who are US citizens and who are of good character.

Applying to the 8 a Program Are you ready to apply? How do I apply? Posted at AM. Access To Contracts. Starting a Business Starting a Business. Share Facebook LinkedIn Twitter. Qualifications for the program are similar to those for the 8 a Business Development Program. Other individuals can qualify if they show by a "preponderance of the evidence" that they are disadvantaged.

Successful applicants must also meet applicable size standards for small businesses in their industry. Once a Small Disadvantaged Business SDB is certified and listed on the public registry, it will be eligible for preferences under new federal procurement regulations.

The main preference is a "price evaluation adjustment" of up to ten percent for SDBs bidding as prime contractors. The price adjustment means an SDB won't have to be the lowest bidder to win a contract award. The rules also provide a system of preferences for large businesses that use SDBs as subcontractors.