What is 8a status?

What is 8a status?

SBA (8a) is an ownership/diversity certification sponsored by the Small Business Association (SBA) of the United States government. This certification is intended for organizations that are owned and controlled at least 51% by socially and economically disadvantaged individuals.

What does 8a mean in contracting?

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 long can you be an 8a company?

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.

Who qualifies as 8a?

To qualify for the 8(a) Program, a firm must be a small business that is unconditionally owned and controlled by one or more socially- and economically-disadvantaged individuals who are of good character and citizens of the United States and that demonstrates a potential for success.

What is a Super 8a company?

Super 8(a) businesses are firms that are owned by Indian tribes, Alaskan Native Corporations (ANCs), and Native Hawaiian Organizations (NHOs).

How do I get 8a status?

Get certified as an 8(a) small business Before you can participate in the 8(a) Business Development program, you must be certified. To apply for the 8(a) Business Development program, simply use the certify.SBA.gov website. You’ll need to have a profile at SAM.gov before you can use the certification website.

How much money can you make in government contracting?

How much does a Contractor in the federal government get paid? $105,712.94* *Based on the 2019 average. Contractor was the 362nd most popular job in the U.S. Government in 2019, with 12,939 employed….Agencies that have hired a Contractor.