8(a)/SDB
certification is done at the federal government level.
The Small Business Administration manages this process. The application
process involves revealing a lot of details about you
and your business finances.
8(a) firms
automatically qualify for SDB certification.
According to
statutory language governing the program, a business
owner is considered disadvantaged if he can be certified
as socially and economically disadvantaged.
A business owner(s) is presumed to be socially
disadvantaged if he is a member of a minority group. He
must then prove economic disadvantage by providing
evidence to show that his personal net worth does not
exceed the applicable thresholds ($750,000).
See 8(a)
certification link below. |