SBA 8(A) Certification Information & Benefits

Now extra than ever, we’re seeing a fashion amongst customers who're trying to keep at and guide ladies- and minority-owned commercial enterprise owners. As pronounced in a current have a look at with the aid of using Mastercard studying vacation purchaser trends, shoppers “prioritize small (78%), minority- (68%), ladies- (68%), and Black-owned (66%) corporations” that prefer their private values. Just what number of ladies personal corporations withinside the United States? According to 2021 ladies-owned commercial enterprise statistics, there are presently 12.three million woman-led corporations in the United States with minority business certification generating $1.eight trillion according to year. There’s by no means been a higher time to ask “how do I check in as a woman-owned small commercial enterprise?” To that end, we’ve compiled a complete listing of ladies-owned commercial enterprise sources to assist manual you thru the certification process. Women-Owned minority bus

Apparently without notice, this past end of the week, SBA updated its General Login System ("GLS") to never again allow new 8(a) applicants to create a profile in GLS. This is so SBA can launch their streamlined and modernized 8a certification application process through certify.sba.gov. The certify.sba.gov platform is SBA's initiative to harmonize the certification interaction for all of its small business contracting programs -, for example, 8(a), woman-possessed small business, all small guide/protégé program, and HUBZone - into one web-based platform. In any case, this transition from BDMIS to certify.sba.gov for the 8(a) program affects both new and current applicants. New applicants: Without the ability to create another GLS account, new 8(a) applicants can never again access a 8(a) application in the BDMIS framework, and subsequently cannot right now apply to the 8(a) program. Small organizations considering applying for the 8a certification program should wait

Good news for 8(a) certification-owned enterprises interested in working on government construction projects this year! Due to the ongoing challenges of COVID-19, the US Small Business Administration (SBA) recently announced a moratorium on the requirement that participants in the SBA's 8(a) Business Development Program establish a bona fide place of business in a specific geographic area before being awarded any construction contract through the 8(a) Program. No other SBA small business program has a requirement like this, and no major company is held to the same standard. Please keep in mind that the new policy is simply a workaround. What is a BFPOB (bona fide place of business)? A bona fide place of business, for 8a certification construction procurements, is a location where a participant maintains a regular office that employs at least one full-time employee within the proper geographical boundary. Construction trailers and other temporary construction sites are not included