Tribal Construction Enterprises Cash In On Lucrative Federal Contracting
The United States government doles out $500 billion each year to buy the good sand services it needs to keep the country running smoothly. That’s a staggering amount of money enriching businesses fortunate enough to land these covet
ed contracts. And thanks to the Tribal S(a) Program, Tribal enterprises can dip into the honeypot of government contracting, too.
According to the Congressional Research Service, the Tribal 8(a) Program is a special provision to the Small Business Investment Act of 1958 that gives eligible Alaska Native Corporations, Tribes, Native Hawaiian Organizations and Community Development Programs an exclusive stronghold to compete more advantageously in the federal marketplace through set-aside (only certain contractors may compete) and sole-source (without competition) awards.
The idea behind the is business development program, managed by the Small Business Administration , is that it gives qualifying Tribal enterprises the opportunity to generate much-needed revenue to fight poverty and promote economic development in their disadvantaged communities.
As the Native American Contractors Association (NACA) says, “The Native S(a) Program is a hand up, not a hand out.”
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