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Thursday, January 21, 2021
Many small businesses in the US have suffered severe economic hardships due to the global pandemic, but there is now some relief available to a subset of small businesses.
The US Small Business Administration (SBA) issued an interim rule effective January 13, 2021, amending the regulations governing the 8(a) Business Development (BD) program to implement the provisions in the Consolidated Appropriations Act, 2021 (Appropriations Act)
1 and the National Defense Authorization Act for Fiscal Year 2021 (NDAA 2021).
2 Section 330 of the Appropriations Act requires the SBA to ensure any small business concern participating in the 8(a) BD program on or before September 9, 2020, has the option to extend such participation for one year from the end of its program term. This option to extend is available even if the concern previously elected to suspend its program participation in connection with the President’s March 2020 COVID-19 ....

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