Doing Business with the US Agency International Development
There’s no shortage in government contracting opportunities for small business contractors working with federal agencies. USAID, the agency working on ending global poverty and enabling democratic societies, is one of the many agencies and departments small businesses can tap into.
Small business contractors can maximize existing government contracting opportunities by knowing the provisions for small businesses, understanding the different requirements and protocols, and working to maintain a competitive edge in the market. Here are a few key government contracting tips and definitions to help small businesses.
Government Contracting by Small Businesses
The USAID participates in several programs which cater to specific types of contractors, such as small businesses and women-owned small businesses. Knowing about these programs can help you in finding an advantage.
Small Business Program
The USAID has a specific Small Business Program meant to encourage and enable the participation of small and disadvantaged businesses in the federal market. Before you get started, you should be clear on what exactly makes a contractor eligible for the program.
A small business is defined as one that is independently owned and operated, organized for profit, and qualified under criteria and size standards. They should not be dominant in the field of operation related to the government contracting opportunity. To be eligible as a small business, you should follow the current size standards.
The size standards for eligibility are defined by:
- The Small Business Administration (SBA) and the North American Industry Classification System (NAICS)
- Central Contractor Registration (CCR)
- Number of employees or average annual receipts
Small Disadvantaged Business
Small disadvantaged businesses are those which are owned and controlled by a socially and economically disadvantaged individual. They must also be at least 51% owned by one or more socially and economically disadvantaged individuals.
Social disadvantage pertains to racial and ethnic prejudice or cultural bias. Economic disadvantage refers to diminished capital and credit opportunities.
Veteran-Owned Small Business
This is defined as a business at least 51% owned by one or more qualified veterans. The management and daily operations should also be controlled by one or more qualified veterans.
Service-Disabled Veteran Small Business
A service-disabled veteran small business is at least 51% owned by one or more qualified disabled veterans. The management and daily operations should also be controlled by one or more qualified service disabled veterans.
Women-Owned Small Business
A women-owned small business is at least 51% owned by one or more women. The management and daily operations should also be controlled by one or more women.
Historically Underutilized Business Zone
A HUBZone is at least 51% owned or controlled by one or more US citizens, with the principal office in a designated economically distressed urban and rural areas.
Learn More about Small Business Opportunities with ARCHER JORDAN
ARCHER JORDAN is a third-party administrator of fringe benefits to government contractors and hourly hires. With decades of experience in navigating labor-related laws and government contracting programs, we have the experience and expertise to help you secure government contracting opportunities. Contact us today!
