EDWOSB CERTIFICATION: This Is What Professionals Do for better business
The current economic inferiority criteria for EDWOSBs is $750,000; this is greater than the initial qualifying threshold of $250,000 but equal to the continual eligibility obstacle for the 8(a) BD program. When a firm files for both 8(a) BD and EDWOSB status at the same time, it may only be considered economically challenged for EDWOSB purposes. As a result, unnecessary complexity and ambiguity would be present in the application and certification processes. The final regulation makes ensuring that economic disadvantage is consistent across programs to solve this. To assist the Office of Corporate Development in identifying or developing standards for determining what qualifies as "economic disadvantage" for businesses applying to the 8(a) BD program, the Small Business Administration (SBA) commissioned study. The study supports a $375,000 to $1.2 million threshold for economic disadvantage based on the data that is currently available. This range indicates the difficulties