8(a) Business Development Program
E40272
The 8(a) Business Development Program is a U.S. federal initiative that helps small, socially and economically disadvantaged businesses grow through training, technical assistance, and access to government contracting opportunities.
Statements (42)
| Predicate | Object |
|---|---|
| instanceOf |
U.S. federal business development program
ⓘ
small business assistance program ⓘ |
| administeredBy | U.S. Small Business Administration ⓘ |
| benefit |
enhanced management and technical capabilities for participants
ⓘ
increased access to federal procurement opportunities ⓘ potential for revenue growth and job creation in participant firms ⓘ |
| contractingAdvantage |
eligibility for competitive 8(a) set-aside contracts
ⓘ
eligibility for sole-source contracts up to certain thresholds ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| developmentalStageLength | 4 years ⓘ |
| eligibilityRequirement |
business must demonstrate potential for success
ⓘ
business must show good character ⓘ must be at least 51 percent owned and controlled by socially and economically disadvantaged individuals ⓘ must qualify as a small business under SBA size standards ⓘ owners must be U.S. citizens ⓘ |
| focusArea | capacity building for small disadvantaged businesses ⓘ |
| goal |
to help firms become competitive in the open marketplace
ⓘ
to promote business ownership by disadvantaged individuals ⓘ |
| includesComponent |
Business Opportunity Specialist support
ⓘ
SBA-approved mentor-protégé relationships ⓘ joint venture opportunities ⓘ |
| legalBasis |
Small Business Act of 1958
ⓘ
surface form:
Section 8(a) of the Small Business Act
|
| oversightBy |
U.S. Small Business Administration
ⓘ
surface form:
SBA Office of Business Development
|
| programLength | 9 years ⓘ |
| programStructure | developmental stage and transitional stage ⓘ |
| provides |
access to set-aside federal contracts
ⓘ
access to sole-source federal contracts ⓘ business development assistance ⓘ federal contracting support ⓘ management and technical assistance ⓘ mentoring opportunities ⓘ training ⓘ |
| purpose |
to assist small, socially and economically disadvantaged businesses
ⓘ
to help eligible firms gain access to federal contracting opportunities ⓘ |
| relatedProgram | SBA Mentor-Protégé Program ⓘ |
| requires |
annual review of participant progress
ⓘ
submission of business plans by participants ⓘ |
| sector | government contracting ⓘ |
| targetGroup |
economically disadvantaged individuals
ⓘ
small businesses ⓘ socially disadvantaged individuals ⓘ |
| transitionalStageLength | 5 years ⓘ |
Referenced by (3)
Full triples — surface form annotated when it differs from this entity's canonical label.
Service-Disabled Veteran-Owned Small Business Program
→
relatedTo
→
8(a) Business Development Program
ⓘ