SBA: Record-Breaking $163 Million Set in Federal Procurement Opportunities to Small Businesses
Today, Administrator Isabella Casillas Guzman announced that the Biden-Harris Administration exceeded its small business contracting goal of 23% in fiscal year (FY) 2022, awarding an all-time high 26.5% of federal contract dollars to small businesses. This historic level amounts to a $162.9 billion investment in the small business economy– an $8.7 billion increase from the previous fiscal year. Ten federal agencies earned an…
SBA: SBIC Modernization Final Rule Issued to Support Reforms to Transform Public-Private Investment
Small Business Investment Company Program modernization will seed America’s next generation of fund managers while increasing funding for underserved and undercapitalized markets Today, Administrator Isabella Casillas Guzman announced the U.S. Small Business Administration (SBA)finalized a rule to modernize the Small Business Investment Company (SBIC) Program. Part of President Biden’s Investing in America Agenda, the SBIC Investment Diversification and Growth Rule will…
SBA: New Entrepreneurship Training Course Introduced for Military Spouses
Today, the U.S. Small Business Administration (SBA) launched a new business training program tailored to military spouses entitled “The Military Spouse Pathway to Business Program.” The program supports the recent White House Executive Order 14100, which strengthens economic opportunity for military and Veteran spouses, caregivers, and survivors. “The Biden-Harris Administration is working hard to create more economic opportunities for military families,…
SBA: Two $150,000 Grants Announced to Fund Women’s Business Centers in Oregon and Washington, D.C.
Deadline To Apply: Thursday, August 24, 2023 Today, the U.S. Small Business Administration (SBA) announced the availability of $300,000 for two grant opportunities for established and aspiring Women’s Business Center (WBC) host organizations to provide outcome-oriented business services for women entrepreneurs in Oregon and Washington, D.C. Each location will be awarded one grant of up to $150,000. The recipients must be private, nonprofit organizations that provide…
SBA: America’s Seed Fund Tour Coming to the Midwest to Engage Small Businesses Working on High-Tech, High-Impact Ideas
SBA will stop in Oklahoma, Kansas, Missouri, Nebraska, and Iowa between July 17-21 Today, the U.S. Small Business Administration (SBA) announced it will launch a road tour to Midwest states connecting entrepreneurs working on advanced technology to the country’s largest source of early-stage funding – America’s Seed Fund. America’s Seed Fund, comprised of the Small Business Innovation Research (SBIR) and…
SBA: Report Released on Anti-Fraud Control Measures in Pandemic Relief Programs including PPP and EIDL Loans
Eighty-six percent of fraud in small business pandemic relief programs occurred in first nine months of pandemic according to findings in new agency report The U.S. Small Business Administration (SBA) today released a report detailing analysis of anti-fraud protocols put in place by the Biden-Harris Administration in SBA’s four largest pandemic programs. The report “Protecting the Integrity…
SBA: Second Annual Small Business Cyber Summit Scheduled During Cybersecurity Awareness Month
Experts from the Cybersecurity and Business Worlds Convene to Share Best Practices and Practical Tools The U.S. Small Business Administration (SBA) announced today that the agency will host a cyber summit in October 2023. The free cybersecurity series supports America’s 33 million small businesses with tools, tips, and resources from multiple federal agencies to bolster their…
SBA: Law Implemented to Enhance Ability to Declare Disasters and Deliver Support to Rural Communities
Today, U.S. Small Business Administration (SBA) Administrator Isabella Casillas Guzman announced full implementation of the Disaster Assistance for Rural Communities Act (the “Act”) authored by Senators James Risch (R-ID) and Jeanne Shaheen (D-NH). Rural communities often face more severe impacts from natural disasters due to limited access to resources and infrastructure, which limits a community’s ability to recover and…
SBA: Applications Open for Small Business Lending Company License
Expanding the number of Lenders to increase access to small, affordable loans for millions of small business owners Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice for America’s 33.2 million small businesses in President Biden’s Cabinet, opened a window for new applications for Small Business Lending Company (SBLC) licenses for the first time…
SBA: New Initiative to Launch to Increase Federal Contracting with Small Disadvantaged Businesses
8(a) MAS Pool Initiative Will Help More 8(a)-certified Firms Gain Access to Federal Contracting Opportunities Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA), and Administrator Robin Carnahan, head of the U.S. General Services Administration (GSA), announced a joint effort, known as the 8(a) MAS Pool Initiative, to help small disadvantaged businesses (SDBs) participating in the…