8(a) Business Development Program
SBA program for socially and economically disadvantaged firms.
Definition
The 8(a) program provides a nine-year development period during which firms can receive sole-source and competitive set-aside awards.
Why it matters
Sole-source 8(a) awards up to threshold limits are the fastest path from relationship to contract.
Example
An agency awards a $4.5M sole-source 8(a) contract for IT support.
Related terms
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