The U.S. Small Business Administration (SBA) implemented the 8(a) Business Development Program to benefit small business owners who are either socially or economically disadvantaged by limiting competitive bidding for certain projects to only businesses that participate in the program. Legal Qualifications First and foremost, your business must qualify as a small business under the North American Industry Classification System (NAICS) code and must be owned (51 percent or greater) by at least one socially and economically disadvantaged person who is of good character and shows the potential for success in the company. You must prove your disadvantaged status by a
Read More