In 1967 the U.S. Government merged two key federal systems to form the nation’s 8(A) program that gives Minority and Disadvantaged Small Business owners the support they need to succeed within their industry.
Flash forward to today and 5% of yearly federal contracts are reserved for 8(A) small business owners. That’s billions of dollars in exclusive work and grant opportunities that the rest of their competition in the federal marketplace can’t access.
For reference: In 2018 the Federal Government set aside $560 billion for annual contract spending. Over $71 billion of that fund were specifically reserved for the purposes of empowering 8(A) small businesses—and as federal contract spending is increasing year-over-year—projections for 2020 show that 8(A) set-asides will rise by nearly $2 billion more.
Unfortunately, since there’s a severe lack of 8(A) small businesses that have successfully filed for certification to receive these lucrative benefits, most of those contract opportunities are just gathering dust. In fact, of the $71.5 billion reserved for 8(A) small businesses in 2018, only $29.5 billion of those work opportunities were claimed.
That means nearly 1-in-3 valuable 8(A) federal contracts are going to waste each year—and all that qualified businesses need to do to access them is register as an 8(A) organization.
To access 8(A) small business opportunities, organizations first need to complete a detailed registration process with the federal government, where the difference between certification approvals and denials often come down to the tiniest filing errors.
The entire registration and certification processes take between roughly 70 – 80 hours of clerical labor to complete, and that’s not including the follow-up work of renewals, supplying business updates, and more.
We’ll ask you to send over some general information to get started and speak with you about what you can expect from your business’ registration process.
Then We’ll Take Over for You
Our Certification Specialists are committed to your success, and experts at the exhausting art of complex form-filling. We’ll stay by your side throughout the lengthy federal registration process, keeping you informed with frequent updates and communicating closely to ensure your business is found by the contractors you want to be discovered by most.
After your 8(A) certification status is approved, we’ll stay with you to take care of your registration renewals and review your federal account to make sure everything is accurate, compliant, and optimized for the contracts you apply for in the future.
Minority and disadvantaged small business owners who want to take the time to file for themselves by learning how to navigate this lengthy application process.
But remember, the federal government requires a lot of information to certify your business and it all needs to be submitted without error.
Otherwise, if registration is not completed perfectly the first time around, minority and disadvantaged small business owners will likely find themselves needing to embark through the full certification process again under even harsher filing guidelines. What’s worse, if 8(A) small businesses do still get approved despite some inaccuracies when filing, that faulty information can go on to create payment problems and severely impede an organization’s ability to win future contracts.