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8(a) Firms No Longer Required by SBA to have a Bona Fide Place of Business
A moratorium has been set in place by the U.S. Small Business Administration (SBA) so that 8(a) firms will no longer be required to have a bona fide place of business in a particular geographic area in order to win any construction contracts through the 8(a) Program.
Source : Contractor News
October 18, 2021
Author : Kristy Casanova
A moratorium has been set in place by the U.S. Small Business Administration (SBA) so that 8(a) firms will no longer be required to have a bona fide place of business in a particular geographic area in order to win any construction contracts through the 8(a) Program.
Bibi Hidalgo, the Associate Administrator for SBA’s Office of Government Contracting and Business Development explained that the SBA is dedicated to assisting disadvantaged small businesses that have been historically underserved.
The moratorium is aimed to help improve the economic recovery by small businesses, allowing them to access more opportunities at winning 8(a) construction contracts.
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