Would you work for an "economically disadvantaged" business?

[Anonymous]

Applied for a job at a small business that also has "economically disadvantaged" status in terms of receiving contracts. I looked into it further and it seems less about the business revenue and more about the personal worth and assets of the business owner herself, e.g. her personal net worth is less than 750K.

Has anyone worked for a company with this label before? Would you be wary that the job security isn't great even though it's technically not a status of the business itself?

[Anonymous]

What does this mean? Do you mean minority owned or 8a?

[Anonymous]

Yes, I would be wary and not expect there to be much long term potential.

[Anonymous]

Wow, that sucks. Yes, I would consider it. Not every business is run by a silver spoon white guy.

[Anonymous]

What...?

You don't want to work for a business that is owned by someone with a net worth less than 750k?

Oh, the horror.

[Anonymous]

Anonymous wrote:What does this mean? Do you mean minority owned or 8a?

OP here, yes looks like it is 8a status. To PPs, after some additional research it seems it represents where the owner or owners of the business are socially and economically disadvantaged - that she belongs to a historically disenfranchised/disadvantaged racial/ethnic group, and that she has a net worth etc under a certain amount. Guess the title of my post is misleading, as it's not about the revenue of the company itself but rather the race/ethnicity and financials of the owner - designed to give small minority-owned businesses a level playing field for Fed contracts.

With that additional info in mind, would this influence your decision to work there? I have no problem with the small business or the minority-owned bit, but the "economically disadvantaged" kind of turned me off at first glance.

[Anonymous]

Do research on the owner. Check everything you can including court records. A lot of these 8a economically disadvantaged business owners are shady. Trust me, check on the owner.

[Anonymous]

Anonymous wrote:Do research on the owner. Check everything you can including court records. A lot of these 8a economically disadvantaged business owners are shady. Trust me, check on the owner.

Thanks!