The Small Business Administration’s 8(a) Business Development Program is a business assistance program that is aimed at assisting small businesses that are owned and controlled by at least 51% by socially and economically disadvantaged individuals. The program helps thousands of blooming entrepreneurs obtain significant government contracts.
Participants can receive sole-source (or “no bid”) contracts up to a ceiling of $4 million for goods and services and $6.5 million for manufacturing. The SBA also assists 8(a) businesses with forming joint ventures and teams to bid on contracts. This encourages firms to perform larger contracts and enhances the effects of contract bundling.
Through the Mentor-Protege Program, rookie 8(a) firms can connect with experienced 8(a) businesses to learn valuable information from companies that have been…