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ARTICLE · 13 JUNE 2023

SBA Tidies Up 8(a) Rules In Welcomed Final Rule

Bass, Berry & Sims PLC
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Effective May 30, 2023, a Small Business Administration (SBA) final rule made some notable changes to SBA's 8(a) Business Development (BD) program, a valuable resource for those firms...

United StatesGovernment, Public Sector
Todd Overman
Todd Overman

Effective May 30, 2023, a Small Business Administration (SBA) final rule made some notable changes to SBA's 8(a) Business Development (BD) program, a valuable resource for those firms owned by socially and economically disadvantaged individuals.

As part of a broader SBA effort to hone its programs and bring clarity to its regulations, SBA made a number of changes to 8(a) ownership rules, what constitutes good faith efforts made by an 8(a) participant to meet their applicable business activity targets, SBA business plan approvals, and much more.

In addition, the final rule also made a host of changes to other SBA regulations, including the ostensible subcontractor rule and limitations on subcontracting rule, which we previously wrote about. You can find that blog post here.

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