On January 1st, 2005, Computer & Hi-tech Management, Inc. (CHM) announced that it had been acquired by FCBS, Inc., a former SBA 8(a) firm based in Northern Virginia. CHM had been in business since 1994 and has seen ten years of success in the government contracting marketplace. James S. Cheng, Founder and Principal stockholder of CHM, attributes a great deal of CHM’s success to the support and efforts of the US Small Business Administration, especially the Administration’s 8(a) program.
The 8(a) Business Development Program is an essential instrument for helping socially and economically disadvantaged entrepreneurs gain access to the economic mainstream of American society. SBA has helped thousands of aspiring entrepreneurs over the years to gain a foothold in government contracting. Participation is divided into two phases over nine years: a four-year developmental stage and a five-year transition stage. Participants can receive sole-source contracts, up to a... Read More