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Aspiring 8a

Large Growth for 8(a) Minority Certification’s Largest Sector in 2020

The 8(a) Certification allows socially and economically disadvantaged firms preferential treatment in the award of federal contracts. Due to the advantages they are given in government contracting, the average 8(a) firm does between $6-8MM per year in federal sales. The largest sector that 8(a) firms participate in is:

Sector:  54 NAICS Codes - Professional, Scientific, and Technical Services

This sector has experienced strong growth of over 11% per year for the past two years. Increasing from just under $13B to just over $16B over this timespan.

There are nine industry groups that make up this Business Sector. The largest two are:

5415 – Computer System Design and Related Services
5416 – Scientific Research and Development Services

These two industry groups represent almost ¾ of all 8(a) sales in this sector, and both have been experiencing strong growth. To see the results for the last three fiscal years for this entire Industry Sector, see the table below:

 

54 NAICS Codes - Professional, Scientific, and Technical Services

2018

2019

2020

5411

Legal Services

11,570,130

19,611,144

18,019,915

5412

Accounting, Tax Preparation, Bookkeeping, and Payroll Services

93,383,051

126,507,597

133,702,246

5413

Architectural, Engineering, and Related Services

2,326,100,869

2,424,234,940

2,520,284,950

5414

Specialized Design Services

28,604,088

19,000,981

19,538,656

5415

Computer System Design and Related Services

6,360,131,698

7,209,031,762

7,803,793,214

5416

Management, Scientific, and Technical Consulting Services

2,687,825,057

2,743,086,709

4,005,480,006

5417

Scientific Research and Development Services

460,840,290

542,145,266

573,408,328

5418

Advertising, Public Relations, and Related Services

26,887,809

48,367,513

42,927,266

5419

Other Professional, Scientific, and Technical Services

973,626,584

1,005,190,039

963,375,005

 

Total

12,968,969,576

14,137,175,951

16,080,529,586



Overall, we expect these industries to continue to outpace other 8(a) markets. Therefore, now would be a good time for a firm interested in federal contracting to look at obtaining an 8(a) Certification.

If you have any questions on getting qualified for the 8(a) Certification, I always recommend contacting an industry expert such as ez8a or Advance 8a. Neither charge for an initial consultation.

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