The 8(a) Business Development Program is a Small Business Administration (SBA) business assistance program that aids in the development of small businesses that are majority (51%) owned and operated by socially and economically disadvantaged persons. The program is a nine year endeavor broken into two phases (four year development stage and five year transition stage). According to the SBA 8(a) program website, “Participants can receive sole-source contracts, up to a ceiling of $4 million for goods and services and $6.5 million for manufacturing.” In addition, 8(a) businesses are also allowed to connect on contract bids in the form of joint ventures. A limit can include a total dollar value of sole-source contracts where participants can only receive $100 million or five times the value of its primary NAICS code while in the 9 year program.
To learn more about the Small Business Administration program, CLICK HERE