Banner

Federal Certifications

Small Banner
23% of all Federal Procurement is targeted for Small Business, which is approximately $92 Billion in federal spending. A Federal Certification places a firm in a subset of that group increasing the likelihood of a federal contract award.
8(a) 8(m) WOSB/EDWOSB SDVOSB HUBZone
Number of firms 6,500 53,000 14,000 5,600
Disadvantaged Group Typically Minority Owned Firms, Women and Service Disabled Veterans Can Apply. Women Owned Businesses Service Disabled Veteran Owned Small Businesses Businesses and employees located in Historically Underutilized Areas.
Federal Budget
Target %/$
5.00%
$17.7 Billion
5.00%
$17.7 Billion
3.00%
$10.7 Billion
3.00%
$10.7 Billion
Actual 2013 Results 9.46%
$34.7 Billion
4.68%
$17.2 Billion
3.68%
$13.5 Billion
1.82%
$6.7 Billion
Average Federal Revenue per Firm $5,338,461 $324,528 $964,285 $1,196,428
Required Ownership and Control 51% in Disadvantaged Group 51% in Disadvantaged Group 51% in Disadvantaged Group 35% of employees in HUBZone
US Citizen Requirement Yes Yes Yes Yes
Small Business Requirement based on NAICS Code Yes Yes Yes Yes
Economic Disadvantaged Metric Owner makes less than $250K on average for past 3 years. Net worth under $250K less primary residence, IRA, 401K and value of the business. Total assets of applicant under $4 million without exceptions. None for WOSB and for EDWOSB owner must make less than $350K on average for the past 3 years. Net worth under $750k (with some exclusion). No requirements No requirements
Years in Business 2 years No requirement No requirement No requirement
Certification Term 9 years No limit No limit No limit
Set-aside Condition Sole source up to $6.5 MM manufacturing and up to $4.0 MM all other Sole source as long as 2 offers or more are expected to be submitted; must be in one of 83 designated NAICS codes; $5MM for manufacturing $3MM all other Sole source as long as 2 offers or more are expected to be submitted; must be in one of 83 NAICS codes; $5MM for manufacturing $3MM all other Sole source up to $5MM for manufacturing up to $3MM all other
IT Spending $10.38 Billion $8.47 Billion $6.48 Billion $1.31 Billion
Construction Spending $5.06 Billion $2.44 Billion $3.04 Billion $2.92 Billion
Other Spending $19.26 Billion $6.29 Billion $3.98 Billion 2.47 Billion

Ask an expert :

Submit

RECEIVE ez8a's NEWSLETTER

Submit