8(a)
- The Minority Business Development 8(a) Program
is an SBA business development program created to help small disadvantaged
businesses compete in the American economy and access the federal
procurement market. To participate in the 8(a) program, a business
must be a small business, at least 51 percent unconditionally
owned and operated by one or more socially and economically disadvantaged
individuals who are of good character and citizens of the United
States, and must demonstrate potential for success. Without evidence
to the contrary, the following individuals are presumed to be
socially disadvantaged: African Americans, Native Americans, Hispanic
Americans, Asian Pacific Islanders and Subcontinent Asian Americans.
Economic disadvantage is defined as individuals who are socially
disadvantaged and whose ability to compete in the free enterprise
system has been impaired due to diminished capital and credit
opportunities, as compared to others in the same or similar line
of business and competitive market area who are not socially disadvantaged.
The business must have been established for two full years before
applying. www.sba.gov/med
SDB
– The SBA certifies Small
Disadvantaged Businesses to make them eligible
for special bidding benefits. The SBA certifies small businesses
that meet specific social, economic, ownership, and control eligibility
criteria. To qualify as an SDB, a small business must be owned
and controlled by one or more individuals who are socially and
economically disadvantaged. Congress has directed that individuals
who are members of certain ethnic groups are presumed to be disadvantaged.
Other persons, including women and persons of any race, can also
qualify by establishing their disadvantaged status. Once certified,
the firm is added to an on-line registry of SDB-certified firms
maintained in PRO-Net. Certified firms remain on the list for
three years. www.sba.gov/sdb
FAQ:
What is the difference between 8(a) certification and SDB
certification? The 8(a) Program is a business
development program that offers a broad scope of assistance to
socially and economically disadvantaged firms. Small Disadvantaged
Business certification strictly pertains to benefits in Federal
procurement. 8(a) firms automatically qualify for SDB certification.
NWBOC-
The National Women Business Owners Corporation
was established to increase competition for corporate and government
contracts through implementation of a pioneering economic development
strategy for women business owners. NWBOC has a national certification
program for woman owned and controlled businesses as an alternative
to the multiple state and local certifications required by many
public and private sector agencies. www.nwboc.org
WBENC-
The Women’s Business Enterprise National Council
is the nation's leading third-party certifier of women's business
enterprises (WBEs). Their internet database lists your company
information and is accessed by 350 major corporations from across
the country that are seeking vendors. Currently, WBENC has twelve
fully operational Women Business Organization Partners (WBOPs),
providing certification, offering programs to enhance women business
enterprise procurement opportunities, and participating in the
Leadership Council. A complete list of WBOPs is available online
at: www.wbenc.org
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