“8(a) Business Development Support” is a term related to a specific program offered by U.S. Small Business Administration. This program is designed to assist socially and economically disadvantaged entrepreneurs in gaining access to the economic mainstream of American society. Its objective is fostering business growth and providing such entrepreneurs with business development support, including financial assistance, mentorship, counseling, and technical guidance.
This comprehensive program aims to level the playing field by giving these businesses a better chance of surviving and thriving in the competitive market. It is primarily targeted at small businesses owned by individuals who have faced social or economic hardship. With the assistance of 8(a) Business Development Support program, these businesses can improve their capacity, enhance their performance, and secure a fair share of federal contracts.
