Tag Archive for: Small Business Administration (SBA)

Federal Register: WOSB and Economically Disadvantaged WOSB Certification; Establishment of Effective Date

“AGENCY: U.S. Small Business Administration (SBA). ACTION: Final rule; establishment of effective date. SUMMARY: This action establishes the effective date of regulations added by SBA in a final rule published in the Federal Register on May 11, 2020, ‘Women-Owned Small Business and Economically Disadvantaged Women-Owned Small Business Certification.’ DATES:...

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SmallGovCon: SBA Eliminates Use of Product Service Codes For Nonmanufacturer Rule Class Waivers

“As January 5, 2022, SBA will no longer use Product Service Codes (PSCs) to classify products covered by class waivers for the nonmanufacturer rule. SBA’s rationale for discontinuing PSC’s to classify class waivers is to “improve consistency in the application of class waiver.” SBA will use North American Industry...

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FCW: SBA faces fraud risks and IT security woes, IG says

“The Small Business Administration has been inundated with potentially fraudulent proposals for economic relief during the COVID-19 pandemic, at a time when increased workload throughout the agency deflected attention from IT security issues, the agency’s Inspector General Hannibal Ware testified Wednesday. Economic relief programs associated with recovery efforts around...

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FCW: GAO uses covert testing scheme to assess SBA screening processes

“The Small Business Administration was found to have made progress addressing long-standing oversight challenges for tribal firms participating in its 8(a) business development program after an independent congressional watchdog conducted a covert testing scheme to assess the agency’s screening process…” “GAO sent four applications from fake businesses claiming association...

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SmallGovCon: White House Proposes Reforms to Increase Dollars to Underserved Small Businesses

“Small businesses are often seen as the backbone of the economy. Contained within the category of small businesses are what are known as Small Disadvantaged Businesses or SDBs. Currently, the federal government has a goal to award 5% of its contracting dollars to SDBs. The White House is seeking...

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