Recently, during the proposal process, we were asked by a Client to confirm at what point an SBA 8(a) Joint Venture must be approved by the SBA. Upon further consideration, we realized that there generally tends to be confusion surrounding Joint Ventures with respect to Federal contracting, so we thought we would do a blog post addressing the basics of which Joint Ventures need approval and at what point approval is required before a contract can be awarded to a JV.
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8(a) Certification: Should You Be Concerned If You Derive More than 70 Percent Of Your Revenue From a Single Source?
For companies just entering the Federal GovCon market, the vast amount of information you are sure to receive from various sources can be overwhelming. You will find that everyone has an opinion or “advice” as to what you should/should not do, so you must be very careful in terms of what pieces of advice you choose to follow. We have seen companies miss out on opportunities or waste time pursuing a futile course of action all because they were following bad advice.
Here are the five steps you need to take to apply for the HUBZone program.
The Historically Underutilized Business Zone or HUBZone program was created in 1997 to encourage economic development in HUBZones, which are areas that typically have low median household incomes and/or high unemployment.
In order to participate in the HUBZone program and take advantage of the program benefits (please visit our blog here to read about the program benefits), a company needs to meet a number of eligibility criteria, including: