Alaska Native 8(a) revenues decline
Alaska Native regional corporations have seen their 8(a) federal contracting revenues drop by a third in the past four years, according to the latest annual report from the Alaska Native Claims Settlement Act Regional Native Corporations.
The tribes’ 8(a) awards fell from $3.6 billion in 2010, to $2.4 billion in 2014, which was a 33% reduction.
Their 8(a) revenue was 43% of total revenue in 2010, but it had fallen to 29% of total revenue in 2014.
The decline is being blamed on budget cuts, government shutdown and legislation passed by Congress that aimed to tighten controls on sole-source contracting with Alaska Native small businesses.
Previously, Alaska Native corporations could win 8(a) sole-source awards with no dollar limit. Congress started requiring justifications of 8(a) sole-source awards over $20 million in 2010.
More information: ANCSA Annual Report http://goo.gl/loJm4T