Qualifications for 8(a) Firm Status

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Through the 8(a) Business Development Program, owners can compete for special contracts, such as sole-source government contracts for which there are no competitive bids, that help level the playing field for their small businesses. These small businesses can use the program to form joint ventures with already-established businesses to form mentor-protégé relationships, as well as for management and technical assistance. Businesses must meet certain requirements to be eligible to be a protégé. In order to qualify to become an 8(a) firm under SBA guidelines, a business must meet the following criteria (effective July 15, 2020):1 It must be a small business.It must not have participated in the program before.At least 51% of the business must be owned and operated by U.S. citizens who are considered economically and socially disadvantaged.The owner's…
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