Purchasing & Small Business

Purchasing & Small Business

Service Disabled Veteran-Owned Small Business

Service Disabled Veteran-Owned Small Business (SDVOSB) is a small business that it owned at least 51% by a disabled veteran as deemed by the Veterans Administration. These business owners have access to certain federal contract sets-asides. The Small Business Act (15 U.S.C. 644(g)), states that the President of the United States must set aside 3% …

Purchasing & Small Business

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Purchasing & Small Business

HUBZone

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 …

Purchasing & Small Business

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Purchasing & Small Business

FAR Part 19 Small Business

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 …

Purchasing & Small Business

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Purchasing & Small Business

Small Business Administration

  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 …

Purchasing & Small Business

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