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These contracts are known as “set-asides. We are a HUBZone-certified joint venture established in October 2022 to deliver IT solutions and services within the federal marketspace. Small Business Administration (SBA) to establish a business development program, which is known as the 8 (a) Business Development program. 616. § 125. Under the corrected regulations, which became effective on December 27, all of the SBA’s joint venture regulations–those for small businesses, SDVOSBs, HUBZones, 8(a)s, and WOSBs–will require that each joint venturer receive profits commensurate with the work it performs. Feb 5, 2018 · The company must be at least 51% unconditionally and directly owned and controlled by United States citizens; The company must be a small business under its primary NAICS code; The company’s principal office must be located in a HUBZone; and. S. 513, 13 CFR 125. 506. 121. NJII’s Incubator programs are designed to help entrepreneurs turn ideas into reality. The parties can be individuals, businesses, or even governments. 9 (or, if also an 8(a) BD Participant, with an approved mentor authorized by 13 CFR 124. We assist in the development and drafting of the document and are able to advise and coach all parties as to what has become the proven standard industry practice. 615: May a large business participate on a HUBZone contract? § 126. Ekagra Partners, LLC is a Small Business Administration (SBA)-approved Mentor-Protege Joint Venture between Red Cedar Consultancy, LLC and Harmonia Holdings Group, LLC. (d) Under 15 U. * * May 22, 2024 · (c) A joint venture may be considered a HUBZone small business concern if— (1) The joint venture qualifies as small under 19. Mar 1, 2017 · The same language that SBA corrected in the 8(a) regulations is currently in place for joint ventures under all small mentor protégé, Service-Disabled Veteran-Owned, Women-Owned, and HUBZone small business programs. Part I explains how the HUBZone areas are designated, Part II explains how affiliated businesses are treated, how to keep the certification after an area loses HUBZone HUBZone joint ventures and contracting issues designation, the regulatory requirements, and best practices Under the HUBZone price evaluation preference, where a procuring agency will award a contract on an unrestricted basis ( i. 616(a) through . opening up HUBZone joint ventures to non-HUBZone certified business, to the unveiling of new mentor-protégé joint venture arrangements now possible under the SA’s recently established “All Small” Mentor-Protégé Program – clearly are intended to provide small businesses Sep 23, 2022 · Currently, the SBA’s regulation at 13 CFR 126. However, any time the size of a (2) For any HUBZone contract to be performed by a joint venture between a certified HUBZone small business concern and a small business concern or its SBA-approved mentor authorized by § 125. ASET Partners Joint Venture (ASET JV) is a HUBZone certified, Small Business Administration (SBA)-approved Joint Venture that combines small-business efficiency and ingenuity while also deploying optimal resources and expertise to implement the best solutions for the world’s most challenging problems. ” As an example of how these two requirements would work in real life, consider a joint venture between a HUBZone company and its non-HUBZone All Small Jul 1, 2020 · As a recent SBA Office of Hearings and Appeals decision explains, the small business venturer must unequivocally control the joint venture. 520 of this chapter), for the purpose of submitting an offer for a HUBZone contract. (1) Sole source award where the contracting officer nominates a specific 8(a) participant. § 126. , a Small Business Administration (SBA)-certified 8 (a) and HUBZone business, have launched a new joint venture, FedInnov8 Consulting LLC. ] Each HUBZone small business concern participating in the HUBZone joint venture shall provide representation of its HUBZone status. A mentor and its protégé can joint venture as a small business for any small business contract, provided the protégé individually qualifies as small. Each company is able to maintain its own identity and 3 days ago · NJII Incubator space can accommodate co-working, flex space needs, conference rooms, wet labs and offices of various size. 301-1(a)(2)(i); (2) At least one party to the joint venture is a HUBZone small business concern; and (3) The joint venture complies with 13 CFR 126. On the one hand, the SBA’s socioeconomic regulations require the person on whom the company’s eligibility is based to Sep 27, 2022 · Various provisions in FAR Part 19 and 52. As you can see, the HUBZone requirements and joint venture rules are very specific and can be complex. The partners in the joint venture use contracts or a new corporate entity to pool resources, expertise, and capital in pursuit of a common business objective. R. At NJII, we have the experience, network, and resources (2) Protests filed against a HUBZone joint venture must state one or, if applicable, both of the following: (i) Why the HUBZone small business party to the joint venture did not meet the eligibility requirements at 13 CFR 126. . Each entity may continue to engage in other business activities that are not part of the joint venture. SBA’s intent was for profits to be commensurate with the work performed by each member of the joint venture. In this webinar, GovContractPros John Shoraka and Aditi Dussault are joined by Michelle E. 614 [Reserved] § 126. 200 at the time of its application to SBA for certification or at the time SBA certified or last recertified the concern Jun 1, 2011 · The SBA’s Office of Hearings and Appeals succinctly explained the basic rules relating to joint ventures and affiliation in Size Appeal of Innovative Resources, SBA No. Row 1 May 6, 2024 · In a recent post, we shared guidance on the applicable regulatory references which identify eligibility as an 8(a) program participant. 520 of this chapter, the joint venture must perform the applicable percentage of work required by § 125. C. 6 of this chapter, and the certified A HUBZone sole source contract is a government contract awarded directly to a HUBZone-certified business, without competition from other businesses. 126. Under the proposed rule, therefore, a joint venture may now submit a bid for a HUBZone contract if the joint venture agreement is between a HUBZone small business and either another small business or an approved mentor, neither of which has to be a HUBZone small business. and Deloitte Consulting LLP. The SBA’s major new rule, officially issued today in the Federal Register, will be best known for implementing the long-awaited small business mentor Dec 29, 2016 · Print Article. 506(a) through . introduction of new business contacts. com®'s Certification Search. 9 or § 124. Find Out The Basics About Joint Venture Agreements If you are being investigated for HUBZone employee requirements fraud or charged with a crime or For legal assistance with SBA HUBZone employee requirements and appeals, call Watson & Associates, LLC’s HUBZone attorneys and federal government small business lawyers at 1-866-601-5518. Oct 29, 2018 · Here’s what the SBA says on its fact sheet titled “Joint Ventures in the All Small Mentor-Protégé Program”: SBA does not review or approve JV agreements prior to award for non-8 (a) contracts. Jul 14, 2023 · The revised regulations for the 8(a), Service-Disabled Veteran-Owned Small Business (“SDVOSB”), Woman-Owned Small Business (“WOSB”) and Historically Underutilized Business Zone (“HUBZone”) programs state that a company that participates in those programs cannot be a joint venture partner on more than one joint venture that submits a Feb 2, 2022 · Ez8a also assists in the drafting of the Operating Agreement, which is the main document that governs how the joint venture will operate. See 13 C. . Running your business with a partner can have many advantages, such as gaining access to your partner’s technologies May 22, 2024 · HUBZone preferences are not contingent on the place of performance. 520 or § 125. Jul 25, 2016 · Populated joint ventures (or at least most populated JVs) will no longer be permitted in the SBA’s small business programs, under a new regulation set to take effect on August 24, 2016. The identified tracts that qualify as a HUBZone really focus on the areas nationally and locally that have high unemployment rates, and low economy and are really An official website of the United States Government Main navigation. There are more joint ventures competing for set aside requirements and more are winning. We have performed deep innovation driven IT Services for multiple U. * * * * * A Joint Venture may be considered a HUBZone small business if it meets the criteria in 13 C. 616: What requirements must a joint venture satisfy to submit an offer and be eligible to perform on a HUBZone contract Sep 23, 2022 · (d) A HUBZone joint venture agrees that, in the performance of the contract, at least 40 percent of the aggregate work performed by the joint venture shall be completed by the HUBZone small business parties to the joint venture. 103). 103(h) and also is a small business concern both at the time of initial offer, and at the time of contract award. In this webinar you will learn: The benefits of joint ventures and why it's critical to (ii) The individual identified as the Responsible Manager of the joint venture need not be an employee of the certified HUBZone small business concern at the time the joint venture submits an offer, but, if he or she is not, there must be a signed letter of intent that the individual commits to be employed by the certified HUBZone small business concern if the joint venture is t Jan 25, 2023 · A joint venture is a business agreement between two or more parties to work together on a specific project or task and agree to share the profits, losses, and costs. Oct 23, 2023 · A joint venture is a business arrangement wherein companies pool resources and create a new legal entity with specific strategic goals. 513(c), 125. (c) A joint venture may be considered a HUBZone small business concern if—. A joint venture (JV) is a business arrangement in which two or more parties agree to pool their resources to accomplish a specific task. Oct 19, 2020 · First things first: the three-in-two rule is an affiliation rule, not a hard limit on what joint ventures can and cannot do. §§ 636 (j) (10) and 637 (a)) authorizes the U. 645(d), any person who misrepresents a firm’s status as a business concern that is small, HUBZone small, small disadvantaged, service-disabled Aug 22, 2022 · The Mentor-Protégé Program through the SBA is a program in which an “other-than-small” (read “large”) business can provide a small business access to its resources, experience and assistance, and in turn the large business can join with the small business to perform small business set-aside contracts. 616(a) through (c). , the managing venturer) in SAM before competing as a HUBZone joint venture. DC RevTech provides cybersecurity, cloud adoption, data analytics, enterprise information systems, and systems and software engineering solutions. We are positioned well for startups and offer step out space to grow with you. In this case, Lucayan Technology Solutions, the HUBZone certified partner of Black Marlin Ventures, qualifies Black Marlin for this type of contract. Mar 29, 2022 · The rules for joint ventures (with regards to small business set asides) can be found at 13 C. 616, 127. ] Each HUBZone small business concern participating in the HUBZone joint venture shall submit a separate signed copy of the HUBZone representation. These partnerships focus on combining resources, technology, or expertise to achieve a shared objective, e. If the JV is seeking to win an 8 (a) contract, SBA will follow the 8 (a) program rules for reviewing and approving the joint venture agreement. The JV company itself need not be Aug 17, 2021 · WASHINGTON – August 17, 2021 – Guidehouse, a leading global provider of consulting services to public sector and commercial clients, and RELI Group Inc. Companies typically pursue joint ventures for one of four reasons: to access a new market, particularly emerging market; to gain scale efficiencies by combining assets and operations; to share risk for major investments or Joining the WOSB Federal Contract program makes a business eligible to compete for federal contracts reserved for the program's certified participants. Partners pool resources for a joint venture, then share profit and losses. These are just the basic criteria. , both partners to a joint venture seeking a HUBZone contract were certified HUBZone small business concerns). 616(d)(2), says that “the HUBZone SBC partner to the joint venture must perform at least 40% of the work performed by the joint venture. The SBA also will not review joint venture agreements in connection with one or more individual sole source orders under an 8(a) multiple award contract. Joint ventures combine resources and expertise to achieve a common goal. e. HUBZone firms are required to retain their records demonstrating their eligibility for six years. A qualified HUBZone SBC may enter into a joint venture with another qualified HUBZone SBC for the purpose of sub-mitting an offer for a HUBZone con-tract. Following the Joint Venture definition under SBA rules, a HUBZone-certified firm may enter into a joint venture agreement with one or more other small businesses, or with an approved mentor authorized by 13 CFR 125. Over the past few years, SBA has been working through a series of regulatory and policy updates to harmonize the expected acceptable tenets of a joint venture agreement across the Dec 13, 2023 · Small businesses in high-unemployment, low-income areas can receive an economic boost from the HUBZone contracting program. 301-1 (a) (2) (i); (2) At least one party to the joint venture is a HUBZone small business concern; and. Joint ventures are collaborative business arrangements where two or more parties come together to form a new entity or partnership. Visit the Joint Venture program page more information. Failure to follow them can lead a small business down the road of being suspended or debarred. Under the corrected regulations, which became effective on December 27, all of the SBA’s joint venture regulations–those for small businesses, SDVOSBs, HUBZones, 8 (a)s, and WOSBs–will require that each joint venturer receive profits Oct 29, 2018 · Here’s what the SBA says on its fact sheet titled “Joint Ventures in the All Small Mentor-Protégé Program”: SBA does not review or approve JV agreements prior to award for non-8 (a) contracts. Nov 10, 2020 · (a) General. The SBA will no longer approve 8(a) joint ventures for competitive 8(a) set-asides, only sole The Small Business Administration 8a SBA Mentor Protégé Program Joint Venture rules have significant power when applied to submitting proposals for federal government contracts (13 CFR 124. Dec 7, 2023 · Joint venture basics. 513. Promoveo Solutions brings a fresh perspective from other financial sectors and intelligence for advanced security and analytics. We are an 8 (a) and HubZone qualified Joint Venture (JV). 13 CFR 124. After the Air Force awarded the contract to Unity Jul 27, 2023 · (3) The SBA acknowledged confusion on how to determine whether an entity qualifies as a HUBZone joint venture, so the final rule clarifies that a HUBZone joint venture should be registered on SAM. 219 clauses are updated to reflect that (1) joint ventures may qualify as small if all parties to the joint venture qualify as small under the size standard associated with the NAICS code for the solicitation, or if the joint venture is comprised of a mentor and protégé in the SBA Mentor-Protégé May 8, 2024 · A joint venture affords each party access to the resources of the other participant (s) without having to spend excessive amounts of capital. A certified HUBZone small business concern may enter into a joint venture agreement with one or more other small business concerns, or with an approved mentor authorized by §125. Jun 27, 2024 · These joint ventures can compete together for government contracts reserved for small businesses. Control over a joint venture has long been a confusing subject for joint venturers. Every joint venture agreement to perform a HUBZone contract, including those between a protégé firm that is a certified HUBZone small business concern and its SBA-approved mentor authorized by § 124. The problem this creates is that if the joint venture is not certified as a HUBZone in SAM, it does not show as a HUBZone in FPDS-NG, which means that the awarding agency gets no socioeconomic HUBZone credit for the award. ] (5) Economically disadvantaged women-owned small business (EDWOSB) joint venture. § 124. Sep 21, 2022 · As proposed, SBA will permit populated joint ventures for set-aside contracts where each of the joint venture partners were similarly situated (i. Leveraging the other partner’s experience and market share. The joint venture itself need not be A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. (1) The joint venture itself need not be a certified HUBZone small business SBA HUBZone Webinars. (1) The joint venture qualifies as small under 19. additional financing and purchasing power. [The offeror shall enter the name and unique entity identifier of each party to the joint venture: __. Sections 7 (j) (10) and 8 (a) of the Small Business Act (15 U. HUBZone is a company level diversity certification referring to the Historically Underutilized Business Zone program that helps small businesses located in distressed areas gain preferential access to federal procurement opportunities. 101. 9 of this chapter, must contain a provision: Mar 1, 2017 · The same language that SBA corrected in the 8(a) regulations is currently in place for joint ventures under all small mentor protégé, Service-Disabled Veteran-Owned, Women-Owned, and HUBZone small business programs. 9 of this chapter, for the purpose of submitting an offer for a HUBZone contract. Work performed by the HUBZone small business parties to the joint venture must be more than administrative functions. Members of a joint venture outline their own terms in a contract. Jul 6, 2023 · The SBA will determine whether the 8(a) partner to the joint venture is eligible for award, but will not review the joint venture agreement to determine compliance with 13 C. 219-3 is also updated to conform with the definition of that same term at FAR 2. DC RevTech is an SBA-approved 8 (a), HUBZone joint venture between Diaconia and COLSA. The offeror represents as part of its offer that it is, is not a joint venture that complies with the requirements of 13 CFR 127. Data Initiatives; Regulations . 200 at the time of its application to SBA for certification or at the time SBA certified or last recertified the concern Apr 28, 2023 · The rule also added language stating that a populated joint venture can be awarded a contract set aside for small business where each of the partners to the joint venture are similarly situated (e. May 27, 2021 · Capstone Corporation, a Virginia-based, global provider of integrated technology and operational support services, and Client First Technologies (CFT), a Washington, DC-based certified Service Disabled, Veteran Owned Small Business (SDVOSB) and HUBZone Small Business, announced the launch of a new joint venture: Veterans First. (d) To be eligible for a HUBZone contract under this section, a HUBZone small business concern must be a HUBZone small business concern at the time of its initial offer. 501(g) for SBA's determination of Participant eligibility). For populated joint ventures and receipts, revenues will be divided according to ownership. (2) At least one party to the joint venture is a HUBZone small business concern; and (3) The joint venture complies with 13 CFR 126. The organizations which create the new entity under the terms of the joint venture will share ownership, risks and returns, and governance of the entity. 616(a) provides that a HUBZone small business can, for the purpose of submitting an offer on a HUBZone contract, enter into a joint venture agreement with one or more other small businesses or with its approved mentor under the SBA’s small business mentor-protégé program. (d) Representations required to implement provisions of Executive Order 11246 - (1) Previous contracts and compliance. 520 of this chapter) must perform the applicable percentage of work required by § 125. Although joint ventures are common, there is no single Dec 13, 2018 · For HUBZone joint ventures, as you saw, 13 C. We are now in this situation as we did a HUBZone Jun 15, 2023 · Therefore, a HUBZone joint venture must be registered in SAM, must be designated as a HUBZone joint venture in SAM, and must identify the HUBZone-certified joint venture partner (i. The definition of HUBZone small business concern in FAR clause 52. 8. III. The SBA has corrected a flaw in the profit-splitting provisions of its new joint venture regulations. 616 and 13 CFR 125. The joint venture itself does not need to be certified as a qualified May 4, 2023 · Horizontal joint-ventures are strategic collaborations between companies that operate within the same industry or market, often as competitors. (1) The joint venture itself need not be a certified HUBZone small business The SBA HUBZone Program is a United States Small Business Administration (SBA) program for small companies that operate and employ people in Historically Underutilized Business Zones. 616(a)(1). The strategic motives for creating joint ventures can A joint venture may submit an offer on a HUBZone contract if the joint venture meets all of the following re-quirements: (a) HUBZone joint venture. SBA will not approve joint ventures in connection with competitive 8(a) awards (but see § 124. As promised, GCP offers May 6, 2021 · Joint venturing is a very popular way to pursue small business set-aside contracts and contracts for the four major socioeconomic subcategories: 8(a), SDVOSB/VOSB, WOSB/EDWOSB, and HUBZone. The HUBZone program provides contracting assistance to small businesses located in economically distressed communities, referred to as Historically Underutilized Business Zones, or HUBZones, to promote job growth, capital investment and economic development in these areas Jun 11, 1998 · A certified HUBZone small business concern may enter into a joint venture agreement with one or more other small business concerns, or with an SBA-approved mentor authorized by § 125. Jun 15, 2023 · Therefore, a HUBZone joint venture must be registered in SAM, must be designated as a HUBZone joint venture in SAM, and must identify the HUBZone-certified joint venture partner (i. g. May 19, 2021 · Before establishing a joint venture, determine what type of joint venture you are forming, whether it’s all-small or 8(a), mentor protégé, WOSB, HUBZone, etc. F. SBA will also consider a protest challenging whether a HUBZone prime contractor is unduly reliant on a small May 12, 2015 · The joint venture itself need not be certified as a qualified HUBZone SBC. 6 of this chapter. After the Air Force awarded the contract to Unity Jul 1, 2022 · A joint venture is a short-term partnership between two or more business entities or individuals. The arrangement is not the same as a merger, in (ii) It is, is not a HUBZone joint venture that complies with the requirements of 13 CFR 126. When the three-in-two rule is violated, the SBA may find that the joint venture partners are affiliated for all purposes. Affiliation is not a good thing, but being affiliated with your joint venture partner is different the HUBZone joint venture: ____. 616) to be lower than the (2) At the completion of every WOSB Program contract awarded to a joint venture, the WOSB partner to the joint venture must submit a report to the relevant contracting officer and to the SBA, signed by an authorized official of each partner to the joint venture, explaining how and certifying that the performance of work requirements were met (1) A HUBZone status protest is the process by which an interested party may challenge the HUBZone status of an apparent successful offeror on a HUBZone contract, including a HUBZone joint venture submitting an offer under § 126. Shared costs and resources. (2) Protests filed against a HUBZone joint venture must state one or, if applicable, both of the following: (i) Why the HUBZone small business party to the joint venture did not meet the eligibility requirements at 13 CFR 126. A joint venture is a business arrangement between two or more business entities to cooperate in a particular business enterprise, either for a limited time or ongoing. Jun 28, 2024 · The joint venture may also pursue any type of set-aside contract for which the protégé qualifies, including contracts set aside for 8(a), service-disabled veteran-owned, women-owned, and HUBZone businesses. DC RevTech brings together the expertise, resources, and capabilities of both Diaconia Jun 7, 2024 · HUBZone joint ventures will continue to be required to represent their status as the SBA does not certify HUBZone joint ventures. For immediate help complying with the SBA HUBZone joint venture regulations under 13 CFR 126. When a joint venture pursues one of these contracts, SBA’s regulations require that the procuring agency consider the past performance of each joint Nov 10, 2020 · The 8(a) joint venture must be approved by the SBA before it can be awarded any sole source contract. Jul 1, 2024 · Joint venture benefits to participants include: Collective representation of past performance. Parties have equal control of the joint venture. 513(e). Jun 5, 2020 · (c) A joint venture may be considered a HUBZone small business concern if— (1) The joint venture qualifies as small under 19. However, there are still situations where small businesses can make serious legal mistakes and give up lucrative (1) For any WOSB Program contract, the joint venture (including one between a protégé and a mentor authorized by § 125. 9 of this chapter (or, if also an 8(a) BD Participant, with an approved mentor authorized by §124. 9 and 13 CFR 121. For instance, two companies may create a How does a price evaluation preference affect the bid of a certified HUBZone small business concern in full and open competition? § 126. Table of Contents. (2) The WOSB partner(s) to the joint venture must perform at least 40% of the work performed by the joint 5 days ago · HubZone Definition on Thomasnet. 5. Vision Cove offers the agility and innovation of a small business, backed by the breadth and depth of experience of the largest professional services firm in the world. SIZ-5238 (2011). S Federal agencies. 200 at the time the concern applied for certification or on the anniversary of such certification; and/or (ii) The protested HUBZone joint venture does not meet the requirements set forth in § 126. The Innovative Resources appeal dealt with an 8 (a) set-aside procurement issued by the Air Force. Confirmation that SBA's Two-Year Rule Applies Only to Contracts; Not Orders. FAR 19. FedInnov8 offers its government clients options to Jun 14, 2018 · In this respect, CTAs are different from joint ventures under SBA’s recently revised joint venture rules, which, for example, allow a joint venture that is majority-owned by a participant in one of SBA’s socioeconomic programs to pursue a set-aside opportunity if the other joint venture participants are small businesses under the size Capstone Corporation, a Virginia-based, global provider of integrated technology and operational support services, and Client First Technologies (CFT), a Washington, DC-based certified Service Disabled, Veteran Owned Small Business (SDVOSB) and HUBZone Small Business, announced the launch of a new joint venture: Veterans First. (1) When a joint venture between one or more 8(a) Participants seeks a sole source 8(a) award, SBA must approve the joint venture prior to the award of the sole source 8(a) contract. (3) The joint venture complies with 13 CFR Jun 1, 2011 · The SBA’s Office of Hearings and Appeals succinctly explained the basic rules relating to joint ventures and affiliation in Size Appeal of Innovative Resources, SBA No. gov and identified as a HUBZone joint venture, with the HUBZone-certified joint venture partner identified. Vision Cove is a HUBZone Joint Venture comprised of Conviso Inc. Each HUBZone small business concern participating in the HUBZone joint venture shall submit a separate signed copy of the HUBZone representation. Dec 13, 2018 · The SBA has corrected a flaw in the profit-splitting provisions of its new joint venture regulations. , full and open competition), the agency must deem the price offered by a certified HUBZone small business concern (including a HUBZone joint venture that complies with the requirements of § 126. Litteken of Morris, Manning, & Martin, LLP to discuss joint venture formation. This task can be a new project or any other business activity. While it is typical that a large [The offeror shall enter the name and unique entity identifier of each party to the joint venture: __. (c) Contents of joint venture agreement. A joint venture can also bid on contracts that are set aside for service-disabled veteran-owned, women-owned, or HUBZone businesses, if a member of the joint venture meets SBA requirements to do so. The 8 (a) program is a robust nine-year program created to help firms owned and Demonstrating HUBZone Status for HUBZone Concerns and HUBZone Joint Ventures May 6, 2024; Demonstrating 8(a) Status for 8(a) Participants and 8(a) Joint Ventures April 8, 2024; Challenges to the 8(a) Business Development Program: Congress’s Demand for Direct Reporting and Its Potential Impact on Native Communities March 21, 2024 Aug 23, 2021 · For example, in order to qualify for a HUBZone set-aside, the HUBZone SBC must be the managing venturer, must do at least 40% of the work, etc. At least 35% of the concerns employees must live in a HUBZone. added specialized expertise and resources, including research and development, and. 6, call our government joint venture Apr 20, 2023 · Some of the benefits that businesses can provide to each other in a JV arrangement include: access to new markets and distribution channels. expanding into new markets or creating innovative products. , all partners seeking a HUBZone contract are certified HUBZone small business concerns). One aspect of joint ventures worth noting here is that, per the language of section (a) of that regulation just cited, while each business must be small under the applicable solicitation’s size standard, their receipts are not combined May 22, 2024 · For a joint venture, SBA will determine eligibility as part of its acceptance of a sole-source requirement and will approve the joint venture agreement prior to award in accordance with 13 CFR 124. 18(b), 126. 1303. Contracting area directors; Procurement Center Representative directory; Commercial Market Representatives; Contracting data (i) The HUBZone small business partner to the joint venture did not meet the HUBZone eligibility requirements set forth in § 126. ” Provided they are eligible, WOSB-certified firms can still compete for contract awards under other socio-economic programs, including 8(a) and HUBZone. Let us help you meet your small business procurement goals while delivering top Jul 1, 2024 · Joint ventures; HUBZone program; Natural Resource Sales Assistance program; Counseling and help. Jun 11, 1998 · A certified HUBZone small business concern may enter into a joint venture agreement with one or more other small business concerns, or with an SBA-approved mentor authorized by § 125. A Partner In Technology. hr vh zi aq lr dc de cc rw uy