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A small disadvantaged business is defined as one that is at least 51% owned by one or more individuals who are both socially and economically disadvantaged. This can include a publicly owned business that has at least 51% of its stock unconditionally owned by one or more socially disadvantaged individuals and whose management and daily business is controlled by one or more such individuals.
Under the SBA’s 8(a) Program, a federal agency can sole source a contract to an 8(a) company if it meets certain criteria. In general, these criteria include that the company can demonstrate that it has the capability to perform the work and that the solicitation has not been published as a competitive procurement.
There is a $3 million dollar limit on the size of a service contract that may be offered on a sole-source basis to an 8(a) company. A company that is classified as an 8(a) with tribal status is not subject to this threshold. The U.S. government provided this opportunity because unlike regular small businesses where profits generally go to one individual or one family, the profits from Native American organizations and tribal corporations are shared by hundreds – and sometimes even thousands – of Native American tribal members.
For more information please visit the SBA website Click Here |
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