As of July 15, the initial caps on net worth, adjusted gross income, and fair market value of assets for the 8(a) program have gone up. The dollar amounts for initial 8(a) economic disadvantage eligibility have increased quite a bit, making more people economically eligible. Read on for the details on this change. We wrote … Read more
The final rule issued by the Small Business Administration (SBA) on November 26, 2019 that implement changes to the Historically Underutilized Business Zone (HUBZone) program goes into effect today. If you’ve been unable to meet the requirements for HUBZone certification in the past, it’s not likely that this new rule will change that, but these changes should … Read more
Earlier this year, the Small Business Administration (SBA) increased the receipts-based business size standards for 518 industries. These adjustments were made to account for inflation that has occurred since the last adjustment in 2014. The SBA will continue to review size standards every five years, as mandated by the Small Business Jobs Act of 2010. … Read more
If you maintain your company’s entity registration in the System for Award Management (SAM), you’ve seen the “Size Metrics” page that asks for your company’s average annual receipts and number of employees. Entering accurate information on this page is critical, as it determines whether your company qualifies as a small business in the industries you … Read more