Socio-Economic Indicators
We are a badass company. For starters, we are an 8(a), service-disabled veteran-owned, disadvantaged woman, and minority-owned business just to name a few. This means if you have set-asides or contracting needs or requirements, we can meet them.
8(a) Disadvantaged Federal
8(a) Disadvantaged Federal Definition
A special status given to a firm that is owned and operated by persons deemed to be socially and/or economically disadvantaged. A business considered an 8(a) Firm is eligible to receive financial assistance, training, mentoring, and other forms of assistance.
Why it was created
8(a) Disadvantaged Federal was created to help small disadvantaged businesses compete in the American economy and access the federal procurement market.
Benefits
- 5% government-wide goal for contracts to be awarded to 8(a) certified firms
- Shore can receive sole-source contracts (up to a ceiling of $4 million for goods and services and $6.5 million for manufacturing
- Contracts require much less paperwork, time, and bureaucracy.
- Contracts cannot be protested, only the size of the 8a participant can be questioned
- Shore can form joint ventures and teams to bid on contracts which enhances our ability to successfully compete for and perform larger prime contracts
- Certification helps Federal, state and local entities hit their annual socio-economic requirements
HUBZone Federal
HUBZone Federal Definition
A United States Small Business Administration (SBA) program for small companies that operate and employ people in Historically Underutilized Business Zones (HUBZones)
Why it was created
HUBZone Federal was created to stimulate economic development and create jobs in urban and rural communities by providing Federal contracting preferences to small businesses located in these areas
Benefits
- 3% government-wide goal for contracts to be awarded to HUBZone certified firms
- Competitive and sole-source contracts
- 10% price evaluation preference in full & open contracts opportunities
- Certifications help Federal, state, and local entities hit their annual socio-economic requirements
- Recognized by the GSA, Fed & State Contracting
SDVOSB Federal
SDVOSB Federal Definition
A small business owned by a veteran with a service-related disability as defined by the department of Veteran’s Affairs
Why it was created
SDVOSB Federal was created to give Service-Disabled Veterans the ability to compete in the Federal Marketplace
Benefits
- Established 3% government-wide prime and subcontracting goals for service-disabled veteran-owned small businesses
- Competitive and sole source contracting
- Certification helps Federal, state and local entities hit their annual socio-economic requirements
Certified by
Department of Veterans Affairs through the Vets First Verification Program
EDWOSB Federal
EDWOSB Federal Definition
Firm must be at least 51% owned and controlled by one or more women, and primarily managed by one or more women. The women must be U.S. citizens. This Certification is part of the WOSB Federal Contract Program with the purpose of increasing equal opportunity for EDWOSBs
Why it was created
EDWOSB Federal was created to give women and/or economically disadvantaged women the ability to compete in the Federal Marketplace
Benefits
- 5% government-wide goal for contracts to be awarded to EDWOSB certified firms
- Competitive and sole source contracting
- Certification helps Federal, state, and local entities hit their annual socio-economic requirements
DVBE/LA DVBE State
DVBE/LA DVBE State Definition
Benefits
- DVBEs get a 5% bid preference on applicable state solicitations. State agencies may use a process, known as the DB/DVBE Option
- Certification helps Federal, state, and local entities hit their annual socio-economic requirements
DBE State
DBE State Definition
For-profit small business concerns where socially and economically disadvantaged individuals own at least a 51% interest and also control management and daily business operations
Benefits
- DBEs get 5% bid preference on applicable state solicitations, state agencies may use a process, known as the SB/DBE Option
- Certification helps Federal, state and local entities hit their annual socio-economic requirements
MBE State
MBE State Definition
Specifically for minorities in the United States
Benefits
- Educational programs, networking opportunities, visibility