<p>The federal government is increasing the amount of spending dollars available for small business. Small Business now receives 26.5% of all federal contracting dollars. Firms that have also obtained an SBA/VA certification/Verification are more effective at carving out a piece of these small business dollars.</p>
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<td>Small Business Federal Spending</td>
<td>132.9B</td>
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<p>Of this the following amounts are spent with the following Certification Types:</p>
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<td>8(a) Certification / SDB</td>
<td>51.6B</td>
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<td>WOSB Certification</td>
<td>26.0B</td>
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<td>SDVSOB Verification</td>
<td>22.0B</td>
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<td>HUBZone Certification</td>
<td>11.4B</td>
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<p>The table below shows the Average Sales by Certification Type as well as the additional sales this certification receives by obtaining a <a href="https://www.gsaschedulecontract.com/">GSA Schedule</a> Contract. I have also listed the qualification for these certification types.</p>
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<th class="text-center">8(a)</th>
<th class="text-center">8(m) WOSB/EDWOSB</th>
<th class="text-center">SDVOSB</th>
<th class="text-center">HUBZone</th>
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<td>Number of firms</td>
<td>5,843</td>
<td>64,834</td>
<td>22,746</td>
<td>7,391</td>
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<td>Disadvantaged Group</td>
<td>Typically Minority Owned Firms, Women and Service Disabled Veterans Can Apply.</td>
<td>Women Owned Businesses</td>
<td>Service Disabled Veteran Owned Small Businesses</td>
<td>Businesses and employees located in Historically Underutilized Areas.</td>
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<td>Average Federal Revenue per Firm</td>
<td>$8.8MM</td>
<td>$401K</td>
<td>$967K</td>
<td>$1.5MM</td>
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<td>Average Boost with GSA Schedule</td>
<td>$1.MM</td>
<td>$1.5MM</td>
<td>$1.4MM</td>
<td>$.9MM</td>
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<td>Federal Budget Target %/$</td>
<td>5.00%<br>$24.0 Billion</td>
<td>5.00%<br>$24.0 Billion</td>
<td>3.00%<br>$14.4 Billion</td>
<td>3.00%<br>$14.4 Billion</td>
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<td>Results Actual</td>
<td>9.10%<br>$51.6 Billion</td>
<td>4.71%<br>$26.0 Billion </td>
<td>4.05%<br>$22.0 Billion</td>
<td>1.65%<br>$11.4 Billion</td>
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<td>Required Ownership and Control</td>
<td>51% in Disadvantaged Group</td>
<td>51% in Disadvantaged Group</td>
<td>51% in Disadvantaged Group</td>
<td>35% of employees in HUBZone</td>
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<td>US Citizen Requirement</td>
<td>Yes</td>
<td>Yes</td>
<td>Yes</td>
<td>Yes</td>
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<td>Small Business Requirement based on NAICS Code</td>
<td>Yes</td>
<td>Yes</td>
<td>Yes</td>
<td>Yes</td>
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<td>Economic Disadvantaged Metric</td>
<td>Owner makes less than $350K on average for past 3 years. Net worth under $750K less primary residence, IRA, 401K and value of the business. Total assets of applicant under $6 million excluding retirement accounts.</td>
<td>None for WOSB and for EDWOSB owner makes less than $350K on average for past 3 years. Net worth under $750K less primary residence, IRA, 401K and value of the business. Total assets of applicant under $6 million excluding retirement accounts.</td>
<td>No requirements</td>
<td>No requirements</td>
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<td>Years in Business</td>
<td>2 years – in some cases a firm can be eligible for a two year waiver.</td>
<td>No requirement</td>
<td>No requirement</td>
<td>No requirement</td>
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<td>Certification Term</td>
<td>9 years</td>
<td>No limit</td>
<td>No limit</td>
<td>No limit</td>
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<td>Set-aside Condition</td>
<td>Sole source up to $6.5 MM manufacturing and up to $4.0 MM all other</td>
<td>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</td>
<td>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</td>
<td>Sole source up to $5MM for manufacturing up to $3MM all other</td>
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