The Historically Underutilized Business Zones (HUBZone) program helps small businesses in urban and rural communities gain preferential access to federal procurement opportunities. These preferences go to small businesses that obtain HUBZone certification in part by employing staff who live in a HUBZone. The company must also maintain a “principal office” in one of these specially …
A Small Disadvantaged Business (SDB) is a small business that is at least 51 percent owned by one or more individuals who are both socially and economically disadvantaged. SDB status makes a company eligible for bidding and contracting benefit programs involved with federal procurement. Businesses must be certified by the Small Business Administration (SBA) to …
FAR Part 19 “Small Business” implements the acquisition-related sections of the Small Business Act (15 U.S.C. 631) and is located in FAR Subchapter D, Socioeconomic Programs. Website: FAR Part 19 “Small Business FAR Part 19 addresses the main topics of [1] Participation eligibility; Respective roles of executive agencies and the Small Business Administration (SBA); Set …
The Small Business Administration (SBA) was founded on July 30, 1953 to help assist small businesses with advocacy, loans, loan guarantees, contracts, counseling sessions, and other forms of assistance. SBA provides assistances primarily through its four programmatic functions: [1] Access to Capital (Business Financing) – SBA provides small businesses with an array of financing …
A Small Business is not dominant in its field of operation and qualifies as a small business concern under Title 13, Code of Federal Regulations, part 121 (13 CFR 121). In the Department of Defense (DoD), FAR Part 19 – Small Business implements the acquisition-related sections of the Small Business Act (15 U.S.C. 631) and …
