Small Business Participation In Government Contracts: Why It’s Important, How To Qualify, Benefits To Enjoy, And Traps To Avoid
- In fiscal year 2019, federal agencies awarded $132.9 billion in contracts to small businesses. This is a reflection of policy goals, as Congress and federal agencies have long worked to provide business opportunities to small business concerns through federal contracts and subcontracts. The Federal... ›
New Small Business Rules: Capabilities of Small Business Joint Venture Members and First-Tier Subcontractors
By: Damien C. Specht and James A. Tucker
As we recently discussed, the U.S. Small Business Administration (SBA) has published a long-awaited rule that made important changes to numerous small business contracting programs and the rules Federal agencies must follow when contracting with small businesses. These changes will go into effect on... ›SBA Issues Wide-Ranging Final Rule Addressing Government Contracting Programs
By: Damien C. Specht and James A. Tucker
The Small Business Administration (SBA) today issued a significant final rule addressing numerous issues of interest to Federal contractors. With one exception, the rule will take effect on November 16, 2020. We anticipate addressing the more important changes in greater detail in the coming... ›PPP Loan Forgiveness Checklist
By: Damien C. Specht and Alissandra Young McCann
The Paycheck Protection Program (PPP), which is part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, provides aid to qualifying small businesses in the form of loans with terms favorable to borrowers, including, in particular, provisions that allow potentially the entire loan amount... ›SBA Issues Promised Appeals Procedures for PPP Loan Review Decisions
By: Damien C. Specht and Alissandra Young McCann
As we previously reported , when the Small Business Administration (SBA) issued its first Interim Final Rule on SBA Loan Review Procedures and Related Borrower and Lender Responsibilities back in May, [1] SBA explained that it could review a borrower’s Paycheck Protection Program (PPP)... ›SBA’s Implementation of the Paycheck Protection Program Flexibility Act in Wave of New Rules and Application Forms
By: Tina D. Reynolds, Damien C. Specht and Alissandra Young McCann
As we previously reported , the Paycheck Protection Program Flexibility Act (“PPP Flexibility Act”) became law earlier this month, introducing numerous changes to the Paycheck Protection Program (PPP). The PPP, which is part of the CARES Act, [1] provides aid to qualifying small businesses... ›Hot Topics in Government Contracting Virtual Conference – MoFo’s Ali Young Speaking
By: Alissandra Young McCann
Please join MoFo associate Ali Young during Jennifer Schaus & Associates’ Hot Topics in Government Contracting Virtual Conference on Tuesday, June 23, 2020. Ali’s session, “SBA New Regulations & What It Means for Small Business,” will start at 9AM EST. Ali will cover areas... ›Congress Passes PPP Revisions and Advocates for Public Disclosure of Recipients
By: Tina D. Reynolds, Damien C. Specht and Alissandra Young McCann
Updated June 5, 2020 In the wake of the massive economic disruption caused by the Coronavirus outbreak, Congress enacted the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) on March 27, 2020. The Payroll Protection Program (PPP), which is part of the... ›SBA Issues New Certification Regulations for Women-Owned Small Businesses
By: Tina D. Reynolds and Roke Iko
Starting July 15, 2020, a new certification process is being implemented for Women-Owned Small Businesses (“WOSBs”) and Economically Disadvantaged WOSBs (“EDWOSBs”) competing for U.S. federal set-aside, sole source, and multiple award contracts. The Small Business Administration (“SBA”), which is responsible for oversight of these... ›SBA Issues New Rules on PPP Loan Forgiveness and Loan Review Procedures
By: Tina D. Reynolds, Damien C. Specht, Alissandra Young McCann and Roke Iko
Since the inception of the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) nearly eight weeks ago, the Small Business Administration (SBA) has issued loans under the Paycheck Protection Program (PPP) that have helped thousands of businesses remain afloat during the COVID-19... ›