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Socioeconomic GoalsSmall Business Procurement Preference Goals It is the policy of the United States, as stated in the Small Business Act, that all small businesses have the maximum practicable opportunity to participate in providing goods and services to the government. To ensure that small businesses get their fair share, the Small Business Administration (SBA) negotiates annual procurement preference goals with each federal agency and reviews each agency's results. The SBA is responsible for ensuring that the statutory governmentwide goals are met in the aggregate. The statutory goals are as follows:
The selection of an 8(a) STARS company earns 8(a) socioeconomic credit, but also credit for all the other socioeconomic attributes a firm has. This means, for instance, if the firm is also a service-disabled veteran-owned small business, that credit will be available through FPDS-NG reporting. 8(a) socioeconomic credit can be earned under 8(a) STARS because it was a competed 8(a) multiple-award contract. 8(a) credit is only available for contracts that were reserved for, and competed amongst, 8(a) certified firms. More information may be viewed at the SBA Governmentwide Procurement Preference Goaling Program, including agency's individual goals and previous fiscal year goal accomplishments. *As a matter of SBA policy, the SBA negotiates an 8(a) goal with each agency. Agencies can take credit towards their 8(a) goal for any award made pursuant to Section 8(a) of the Small Business Act. The SBA recommends that the total SDB goal be split 50/50 between 8(a) SDB and non-8(a) SDBs. Therefore, the total SDB goal is the sum of the 8(a) and non 8(a) goals.
Last Reviewed 8/8/2008
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