Small Business Development DBE ,SBA 8A, CMBE Certification Workshop

5001 West 34th Street,Little Rock AR 72204

29 September, 2022

Description

he 8(a) program can be a valuable tool for experienced socially and economically disadvantaged small business owners, who have already been in business for at least two years or more, and are interested in expanding their footprint in the federal marketplace. The 8(a) program offers unique and valuable business assistance. The 8(a) certification does not guarantee contract awards but it is a dynamic tool to pursue and capture new opportunity from the government. Certified firms in the 8(a) program can: Efficiently compete and receive set-aside and sole-source contracts Receive one-on-one business development assistance for their nine-year term from dedicated Business Opportunity Specialists focused on helping firms grow and accomplish their business objectives Pursue opportunity for mentorship from experienced and technically capable firms through the SBA Mentor-Protégé program Connect with procurement and compliance experts who understand regulations in the context of business growth, finance, and government contracting Pursue joint ventures with established businesses to increase capacity Qualify to receive federal surplus property on a priority basis Receive free training from SBA’s 7(j) Management and Technical Assistance program The 8(a) certification qualifies your business as eligible to compete for the program’s sole-source and competitive set-aside contracts. The government authorizes sole-source contracts to 8(a) participants for up to $7.5 million for acquisitions assigned manufacturing North American Industry Classification System (NAICS) codes and $4.5 million for all other acquisitions. Entity-owned 8(a) program participants are eligible for sole-source contracts above these thresholds, but the Department of Defense requires approval of a formal justification if the 8(a) sole-source contract exceeds $100 million; all other federal agencies require approval for sole-source 8(a) contract actions that exceed $25 million. 8(a) program participants are eligible to compete for contract awards under other socio-economic programs or small business set-asides they qualify for. The integrity of DOT's DBE program depends upon systematic procedures to ensure that only bona fide small firms, owned and controlled by a socially and economically disadvantaged individual (s), are certified to participate as DBEs in DOT federally assisted programs. With Experience comes wisdom or "Phronesis " which is Ancient Greek for a type of wisdom or intelligence. It is more specifically a type of wisdom relevant to practical action, implying both good judgement and excellence of character and habits. It's important to put your financial endeavors in the hands of someone who has in depth wisdom and even better judgement in the financial industry. Mr. Anthony Armstrong is unequivocally the man for the job. With over 20 years in the financial industry and expert banking experience he is heavily equipped to provide practical solutions to handling your financial concerns about your business.