The Federal 8(a) Business Development program is in need of construction firms capable of qualifying for and performing millions of dollars of construction work NOW!
The Federal 8(a) negotiated market has proven to be a lucrative avenue for qualifying small businesses. Due to the high values of construction work being performed in the non-Federal market, less firms have applied for the 8(a) program within the last three years. In addition, the construction dollars are actually going up…so the time to certify is now. When looking for a sustainable and profitable business venture, the 8(a) program is geared to give participants advantages in order to make small business ownership a success. The 8(a) Business Development program’s goal is to help ensure an increased level of opportunity for small businesses owned by socially and economically disadvantaged people or entities. When the opportunities are accessed to their full capacity, the results can be 50% to 100% growth in revenue year over year. The program is finite and lasts only nine years, so it is important to maximize growth and build a sustainable business capable of maintaining revenue when the program ends. Federal Small Business Construction has proven to be one of the most lucrative and sustainable industries within the Federal program. Here are some highlights to consider when choosing to participate within the 8(a) Business Development Program in Construction:
- Even within the current climate, Federal Construction is still considered essential and is well funded by the Federal Government.
- Approximately 60% of current 8(a) Business Development participants will be graduating in four years.
- There is considerably less competition in the 8(a) Business Development Program.
- The 8(a) Business Development Program is a great tool to launch considerable impact on economic diversification and development initiatives.
To start a conversation and to learn more about the Federal 8(a) program for construction, request a meeting today. Stay healthy and safe and always remember…be Bold!