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​The Small Business Blog

TIPS * UPDATES * INDUSTRY NEWS

BENEFITS OF THE SBA 8(a) business development program

12/22/2016

2 Comments

 
​There are significant business opportunities in the Federal marketplace.  However, if you’re a small business, it can be a bit difficult to get into, especially if you have to compete against larger, more experienced firms.  The U.S. Small Business Administration 8(a) Business Development (BD) program was created to give small, disadvantaged businesses the opportunity to successfully grow and develop, particularly in the Federal marketplace.  While the business development program provides participants with numerous benefits including training, technical assistance, and procurement assistance, among others, I want to highlight a few that are the most talked about:
​1.Sole source contracts – One of the most attractive benefits of the 8(a) program is the ability to receive sole-source opportunities/awards.  An 8(a) BD participant may receive a contract, without competing for it, for contracts up to $4 million for goods and services and up to $7 million for manufacturing.  As you can imagine, this benefit is invaluable as an 8(a) business can self-market its capabilities and solutions to a potential government customer in order to get a contract without having to openly compete against other businesses. 
 
2.Set aside opportunities – To meet their small business goals, the Federal government can reserve certain acquisitions for small businesses.  A set aside, total or partial, can be for all small businesses or for a specific category of small business.  For example, should a contracting agency identify two or more qualified 8(a) companies that are capable of fulfilling a contract’s requirements, that opportunity may be set-aside for 8(a) businesses.  This means that if a company is not 8(a) certified it would not be able to compete for that opportunity.  A set-aside opportunity is another way to limit competition and give 8(a) participants access to potential opportunities.
 
3.Teaming opportunities – Teaming is extremely beneficial for businesses.  It should be included in a business’ strategy to build its capabilities and past performance, and to gain access to opportunities.  The 8(a) program encourages teaming and does so through its Mentor-Protégé Program and joint venture (JV) opportunities.  The Mentor-Protégé program is designed to enable successful firms to act as mentors and provide various forms of business development assistance to 8(a) program participants who are the protégés. The goal of the 8(a) BD Mentor-Protégé Program is to enhance the capabilities of 8(a) Program Participants and to improve their ability to successfully compete for both government and commercial contracts.  In brief, a joint venture is when two or more businesses enter a temporary partnership. This partnering is usually associated with a specific contract or product that it is mutually beneficial to both businesses.  By encouraging 8(a) participants to pursue teaming opportunities, SBA enables participants to succeed even after they exit the program.
 
In summary, there are many benefits for 8(a) BD program participants.  These benefits ultimately help participants develop so they can successfully compete in the market during their 9-year program term and after. 

​Contact us at (808) 369-9710 to learn more about the 8(a) program, its benefits, and how we can assist you with becoming an 8(a) certified company.
2 Comments
Derek McDoogle link
9/10/2019 06:57:22 am

I found it interesting when you said that by applying to 8a you can get an opportunity so that the government can meet their small business goals, and they can reserve certain acquisitions for small businesses. My friend's dad owns a small paper manufacturer and I was reading an article where the government will need to get tons of it for a project. I will suggest to my friend to talk to his dad about the 8a program so he can have a chance to win the contest and can grow his business.

Reply
Robert Glenn Thomas
8/9/2022 01:39:07 pm

Derek, the 8(a) program is exclusive to Disadvantaged Small Businesses, so be sure that you see if your friend's father's company is eligible.

Reply



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