It is a business assistance program that is specifically designed for the small business owners who are finding it difficult to win contracts from the open market. Neither have they had enough funds that can be used as capital. For such budding entrepreneurs, 8(a) business development program is more of a bliss that offers a broad scope. Organizations that are owned and controlled at least 51% by socially and economically disadvantaged individuals mostly come under the spectrum of this business program.
The purpose of this program is quite straightforward. 8(a) business development program will be instrumental in bringing the disadvantaged entrepreneurs to the federal business arena. They will not only gain access to the economic mainstream but will also help the aspiring entrepreneurs gain a base in the government contracting.
The prime focus of the 8(a) business development program is to provide business development support that includes:
• Full-fledged mentoring
• Procurement assistance
• Training and development
• Business counseling
• Indemnity bonding
• Financial assistance
• Technical & management assistance
8(a) business development program is a 9-year program, which has a four year developmental phase, and a five long year transition phase. Due to its time limit, a lot of people prefer entering into this program at an early age.
As a part of this program, participants can win all kinds of federal contracts. It includes sole-source contracts, up to a ceiling of $4 million for goods and services. However, $6.5 million is reserved for manufacturing. Making participants aware and involved in the competitive acquisitions is also a part of the 8(a) business development program.
Participants of the program can also get into joint ventures and make their teams bid on contracts. It offers 8a firms to play with larger prime contracts and overcome the effects of contract bundling. Definitely, it opens up a broader spectrum for the entrepreneurs to close two or more contracts together into one large contract.
As a business development program, this one is certainly an excellent way to fortify the position of the small business owners in a highly competitive marketplace.

About Government Marketing
Government Marketing Inc. has been helping small businesses, since 2009 to utilize their SBA Certifications and the GSA to its’ full potential. Business partners Mark Ryan and Todd Luttenegger are the brains behind this organization, who walk an extra mile to get the disadvantaged entrepreneur to get the financial foothold.
For more info visit https://www.governmentmarketing.com/8a-certification