Certifications
Cynature holds a number of qualifications that places them at the forefront of minority-certified businesses in the IT space. These certifications include:
* Service Disabled Veteran Owned Small Business (SDVOSB),
* Small Business Association (SBA) certified Small Disadvantage Business (SDB),
Cynature is a a member of the Department of Commerce's Small Business Capital Investment Tax Incentive Program (Angel Investment Program). Individuals interested in more information should contact LaCheris Luster at lluster@cncinc.net
* 8(a) Certification pending
Cynature Networking & Consulting Inc., already a recognized Service Disabled Veteran Owned Small Business, attained its Small Disadvantaged Business (SDB) certification in late 2007 and submitted its 8(a) certification in 2010.
These certifications enable emerging companies, like Cynature, to compete for a larger share of Federal, State and Local procurements, in both a prime contracting and subcontracting capacity. We are very pleased to be a part of this SDB program, and look forward to experiencing the many opportunities for growth that an 8(a) certification provide.
The SBA administers two particular business assistance programs for small disadvantaged businesses (SDBs). These programs are the 8(a) Business Development Program and the Small Disadvantaged Business Certification Program. While the 8(a) Program offers a broad scope of assistance to socially and economically disadvantaged firms, SDB certification strictly pertains to benefits in Federal procurement. Companies which are 8(a) firms automatically qualify for SDB certification. With acceptance into the 8(a) program Cynature will be able to benefit in many ways:
1. Participants can receive sole-source contracts, up to a ceiling of $3 million for goods and services and $5 million for manufacturing. While SBA helps 8(a) firms build their competitive and institutional know-how, the agency also encourages them to participate in competitive acquisitions. Federal acquisition policies encourage
2. Federal agencies to award a certain percentage of their contracts to SDBs. To speed up the award process, the SBA has signed Memorandums of Understanding (MOUs) with 25 Federal agencies allowing them to contract directly with certified 8(a) firms.
3. Recent changes permit 8(a) firms to form joint ventures and teams to bid on contracts. This enhances the ability of 8(a) firms to perform larger prime contracts and overcome the effects of contract bundling, the combining of two or more contracts together into one large contract.