Far South Community Development Corporation
Far South Community Development Corporation
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  • Home
  • About Us
    • About Far South
    • Annual Reports
    • Board of Directors
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    • Jobs
    • Partners
    • Get Involved!
  • Services
    • Business Support
    • Residential Support
    • Marketplace
    • Regional Planning
    • Special Service Area 45
  • BCBI
  • Projects
    • Morgan Park Commons
    • M.W. Taylor Homes
    • Pop! Heights Park
    • Renovations
    • Roseland Medical District
    • The Rise @ Halsted
  • Events
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What Does A PTAC Do?

Services Offered

The PTAC @ Far South CDC provides one-on-one counseling services to existing businesses at no charge. Our services include: 


  • Customized computerized bid opportunity matching – this is a service that conducts opportunity searching through keyword terminology (words/terms you would use describing your product/service). The system searches over 1400 sites per day identifying opportunities at the local, state, and federal levels. Clients, ideally, receive one email per day that provides the link to individual opportunities.
  • One-on-One counseling, customized assistance. If an opportunity is identified from the bid match above, we recommend follow up counseling utilizing our contracting expertise for bid/proposal creation insight. After award, we can assist with contract compliance. Our services include contract pre-award and post-award analysis.
  • GSA Schedules – assistance in identifying the appropriate GSA Schedule, creation of bid packet to be addressed and one-on-one guidance through submittal. After GSA Schedule contract award, we offer compliance and marketing assistance.
  • Market research – identification of the Small Business Specialists at federal agencies to make initial contacts.
  • Procurement histories – if a part/product has history within the federal government, an NSN (National Stock Number) could have been assigned. Additional research can be provided.
  • Registrations – initial entrance into the state or federal market may require mandated registrations. Registration recommendations are offered and detail insight.
  • Certifications (WBE, MBE, SDB, 8A, HUBZone,VOSB, SDVOSB, DBE) - assist in identifying appropriate certification, review application and conduct final analysis of certification package.


Training

The PTAC conducts multiple seminars and workshops throughout the year that address topics important to all business owners. Seminars and workshops cover topics of Basics of Government Contracting, Creating a Proposal, Certifications, GSA Schedules, etc. 

Frequently Asked Questions

Please reach us at ptac@farsouthcdc.org if you cannot find an answer to your question.

You may take it for granted that your company is a "small business." The distinction is important if you wish to register for government contracting as a small business. Once you register as a government contractor, you must adhere to industry size standards established by the U.S. Small Business Administration (SBA.)


The SBA, for most industries, defines a "small business" either in terms of the average number of employees over the past 12 months, or average annual receipts over the past three years. In addition, SBA defines a U.S. small business as a concern that:


  • Is organized for profit;
  • Has a place of business in the US;
  • Operates primarily within the U.S. or makes a significant contribution to the U.S. economy through payment of taxes or use of American products, materials or labor;
  • Is independently owned and operated; and
  • Is not dominant in its field on a national basis.


The business may be a sole proprietorship, partnership, corporation, or any other legal form. In determining what constitutes a small business, the definition will vary to reflect industry differences, such as size standards. 


Generally, to be approved into the 8(a) Business Development program and become certified the business must meet these eligibility requirements:


  • The business must be majority-owned (51 percent or more) by an individual(s).
  • The individual(s) must be an American citizen, by birth or naturalization.
  • The business must be majority-owned (51 percent or more) and controlled/managed by socially and economically disadvantaged individual(s).
  • The individual(s) controlling and managing the firm on a full-time basis must meet the SBA requirement for disadvantage, by proving both social disadvantage and economic disadvantage.
  • The business must be a small business.
  • The business must demonstrate potential for success.
  • The principals must show good character.
  • Separate eligibility requirements exist for a business that is owned by American Indians, Native Alaskans, Native Hawaiians or Certified Development Companies. 


The Historically Underutilized Business Zones (HUBZone) program was enacted into law as part of the Small Business Reauthorization Act of 1997 . The program falls under the auspices of the U.S. Small Business Administration. The program encourages economic development in historically underutilized business zones - "HUBZones" - through the establishment of preferences.


SBA's HUBZone program is in line with the efforts of both the Administration and Congress to promote economic development and employment growth in distressed areas by providing access to more federal contracting opportunities. 


The SBA regulates and implements the HUBZone program. SBA does the following:


  • Determines which businesses are eligible to receive HUBZone contracts
  • Maintains a listing of qualified HUBZone small businesses that federal agencies can use to locate vendors
  • Adjudicates protests of eligibility to receive HUBZone contracts
  • Reports to the Congress on the program's impact on employment and investment in HUBZone areas


The program’s benefits for HUBZone-certified companies include:


  • Competitive and sole source contracting
  • 10% price evaluation preference in full and open contract competitions, as well as subcontracting opportunities.


The federal government has a goal of awarding 3% of all dollars for federal prime contracts to HUBZone-certified small business concerns.


To qualify for the program, a business (except tribally-owned concerns) must meet the following criteria:


  • It must be a small business by SBA standards
  • It must be owned and controlled at least 51% by U.S. citizens, or a Community Development Corporation, an agricultural cooperative, or an Indian tribe
  • Its principal office must be located within a “Historically Underutilized Business Zone,” which includes lands considered “Indian Country” and military facilities closed by the Base Realignment and Closure Act
  • At least 35% of its employees must reside in a HUBZone.


The regulations vary slightly based on the level of certification. You have local, state and federal certification options. All certifications are consistent that the business must be 51% managed, owned and controlled by one or more women. Refer to the certifying entity for eligibility requirements and application instruction. 


The regulations vary slightly based on the level of certification. You have local and state certification options. All certifications are consistent that the business must be 51% managed, owned and controlled by one or more individuals presumed to be socially disadvantaged. The current, presumed groups are: Black Americans


Hispanic Americans, Native Americans, Asian Pacific Americans, Subcontinent Asian American. Refer to the certifying entity for eligibility requirements and application instruction. 


The need to step up and support, not only our veteran population but our veteran business population is loud & clear. Local, state and federal agencies are now certifying veteran owned businesses for potential contract set asides. As in all other certifications, the business must be 51% managed, owned and controlled by one or more veterans. Opportunity exists for veteran owned business through many local & state agencies but federal wide the goal is in place for Service Disabled Veteran Owned businesses only. The US Veterans Administration does have the VETS First Contracting Program that is open to Veteran Owned Small and Service Disabled Veteran owned small business. 


The Veterans Entrepreneurship and Small Business Development Act of 1999 (Public Law 106-50 ) established an annual government-wide goal of not less than 3% of the total value of all prime contract and subcontract awards for participation by small business concerns owned and controlled by service-disabled veterans.


On December 16, 2003, the Veterans Benefits Act of 2003 (Public Law 108-183 ) was passed by Congress. Section 308 of the Act (Public Law 108-183) established a procurement program for Service-Disabled Veteran-Owned Small Business Concerns (SDVOSBC). This procurement program provides that federal contracting officers may restrict competition to SDVOSBCs and award a sole source or set-aside contract where certain criteria are met. 


The Small Business Administration has issued an interim final rule, establishing a Service-Disabled Veteran-Owned Small Business Concern Program. This program establishes the criteria to be used in federal contracting to determine service-disabled veteran status; business ownership and control requirements; guidelines for establishing sole source and set-aside procurement opportunities; and protest and appeal procedures for SDVOSB procurements.


A small business owned and controlled by socially and economically disadvantaged individuals must receive DBE certification from the relevant state– generally through the state Uniform Certification Program (UCP). To be regarded as economically disadvantaged, an individual must have a personal net worth that does not exceed $1.32 million. To be seen as a small business, a firm must meet SBA size criteria AND have average annual gross receipts not to exceed $23.98 million.


Need To Schedule An Appointment With A Business Advisor Or Workshop?

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Far South Community Development Corporation

853 West 115th Street, Chicago, Illinois 60643

(773) 831-7107

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