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SBA Pivots to Say HUBZone Firms in Redesignated QDA Cannot Maintain 10-Year Principle Office Eligibility Through Long-Term Investment | PilieroMazza PLLC

To embed, copy and paste the code into your website or blog: In January, we issued a client alert discussing how HUBZone firms in redesignated areas could plan to maintain their HUBZone status after the end of 2021. One of the primary strategies we discussed in the client alert was based on Small Business Administration (SBA) guidance about long-term investments in qualified disaster areas (QDAs). At the time, based on SBA guidance, we understood that HUBZone firms located in redesignated areas...
Small Business Administration Sba Hubzone Program ஸ்ப ஹப்ஸோன் ப்ரோக்ர்யாம்

Weekly Update for Government Contractors and Commercial Businesses – February 2021 #4 | PilieroMazza PLLC

On February 10, 2021, the Small Business Administration (SBA) announced new policy changes to the Paycheck Protection Program (PPP) meant to address an ongoing issue loan applicants face regarding validation error codes. These error codes serve as validation checks to combat fraud and prevent improper loans from being issued to ineligible businesses. However, many eligible businesses have received such error codes during the application and forgiveness process, delaying necessary economic relie...
United States Janna Sullivan Jackie Unger Katherine Burrows Katie Arrington Michael Allen

8(A): The Small Business Administration's Program For Socially & Economically Disadvantaged Businesses (Guide 3 Of 4) | Morrison & Foerster LLP - Government Contracts Insights

What is the 8(a) program and what is it intended to do? The 8(a) program, officially designated the 8(a) Business Development program, is designed to assist small minority-owned businesses compete in the wider American economy. See 13 C.F.R. Part 124 Do I Qualify? Eligibility checklist (get a preliminary assessment at SBA’s Certify website) Be a small business (see below) Not already have participated in the 8(a) program Be at least 51 percent owned and controlled by U.S. citizens who are ec...
United States Morrison Foerster Llp Principal Office Community Development Corporation Sba Hubzone Program Morrison Foerster

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