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TexAmericas Center has announced the extension of its Small Business Administration (SBA) Historically Underutilized Business Zone (HUBZone) designation until June 30, 2023.
SBA Extends the HUBZone Map Freeze to June 30, 2023, May 5, 2021, Jon Williams and Anna Wright Today, the Small Business Administration (SBA) issued a direct final rule extending the HUBZone map freeze from December 31, 2021, to June 30, 2023. The direct final rule (available here) takes effect on June 21, 2021. This is the latest in a series of developments for the HUBZone Program in 2021. Read more here. COFC Denies DOJ/Microsoft Motion to Dismiss Amazon JEDI Protest, May 5, 2021, Lauren Brier On April 28, 2021, the U.S. Court of Federal Claims issued a sealed decision denying the De...
To embed, copy and paste the code into your website or blog: Today, the Small Business Administration (SBA) issued a direct final rule extending the HUBZone map freeze from December 31, 2021, to June 30, 2023. The direct final rule (available here) takes effect on June 21, 2021. This is the latest in a series of developments for the HUBZone Program in 2021; read PilieroMazza’s previous coverage on the developments impacting the HUBZone Program here and here. Several years ago, SBA froze the HUBZone maps until December 31, 2021, to ensure that firms would have enough time to plan after...
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 relief. SBA’s new changes grant additional authorities to lenders for borrowers experiencing validatio...
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 economically and socially disadvantaged (see below) Have one or more disadvantaged individuals manage ...