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Comment Period: SBA Extends Participation in 8(a) Business Development Program

SBA issued an interim final rule to amend the regulations governing the 8(a) Business Development (BD) program to implement a provision in the Consolidated Appropriations Act, 2021 (Appropriations Act), and the National Defense Authorization Act for Fiscal Year 2021 (NDAA 2021), which authorized certain 8(a) participants to extend their 8(a) BD program term by a period of one year. Section 330 of the Appropriations Act mandates that SBA must ensure that any small business concern participating in the 8(a) BD program on or before 09/09/2020, has the option to extend such participation for a period of one year from the end of 
its program term, regardless of whether the concern previously elected to voluntarily suspend its program participation in connection with the nationwide coronavirus emergency disaster declaration on 03/13/2020. The interim final rule amends the 8(a) BD program regulations to carry out the changes made by the Acts. The interim final rule is effective 01/13/2021. Read more here.
 

  • March 15, 2021
  • Time: All Day
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