• Over 9,000 businesses benefit from the SBA 8(a) program in the U.S.
• 8A-certified firms received approximately $35 billion in federal contracts in recent years
• Around 1,350 to 1,800 construction companies use SBA 8(a) certification to secure federal contracts.
• Principal States with the Highest Number of 8A-Certified Companies California: 15%, Texas: 12%, Florida: 10%, New York: 9%, Illinois: 8%
• 8A-certified firms contribute to job creation, with estimates suggesting they support around 500,000 to 600,000 jobs nationwide.
In summary, the success metrics from certified SBA 8(a) businesses reveal the profound impact of the program on both individual firms and the broader economy. With substantial federal contract awards and a significant role in job creation, the 8(a) certification serves as a critical tool for small businesses seeking to thrive in competitive markets. As more entrepreneurs take advantage of the opportunities provided by the SBA 8(a) program, the continued growth and success of these certified firms will play an essential part in fostering diversity, innovation, and economic resilience across the nation. Ultimately, the SBA 8(a) program stands as a beacon of opportunity for small businesses striving for success in the federal contracting landscape.
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• Over 9,000 businesses benefit from the SBA 8(a) program in the U.S.
• 8A-certified firms received approximately $35 billion in federal contracts in recent years
• Around 1,350 to 1,800 construction companies use SBA 8(a) certification to secure federal contracts.
• Principal States with the Highest Number of 8A-Certified Companies California: 15%, Texas: 12%, Florida: 10%, New York: 9%, Illinois: 8%
• 8A-certified firms contribute to job creation, with estimates suggesting they support around 500,000 to 600,000 jobs nationwide.
In summary, the success metrics from certified SBA 8(a) businesses reveal the profound impact of the program on both individual firms and the broader economy. With substantial federal contract awards and a significant role in job creation, the 8(a) certification serves as a critical tool for small businesses seeking to thrive in competitive markets. As more entrepreneurs take advantage of the opportunities provided by the SBA 8(a) program, the continued growth and success of these certified firms will play an essential part in fostering diversity, innovation, and economic resilience across the nation. Ultimately, the SBA 8(a) program stands as a beacon of opportunity for small businesses striving for success in the federal contracting landscape.
Join our newsletter to receive expert advice, actionable insights, and the latest trends in business planning. Subscribe now and take the next step toward growing your successful business!