Beau Brown’s Post

📌 Browse our #smallbusiness workshops this week: Business Plans 101 (online) Advanced Business Plans (online) There's still time to register ↓ https://lnkd.in/gmCqwZ9Q

An OMB nudge for small, disadvantaged businesses. OMB issued guidance to increase small business participation in federal contracts, especially multiple-award contracts. Specific actions called out in the memo include increasing small business participation in multiple-award contracts: earlier involvement of SBA’s Procurement Center Representatives (PCR) and the agency small business specialist in the development of multiple-award contracts and express consideration during acquisition planning of on-ramps; consideration of the relative proportion of anticipated small business contract holders on multiple-award contracts; and clarification of the “rule of two” for order placement. “In advance of any finalization of such regulatory amendments, which will be subject to notice and comment, OFPP encourages early agency adoption of these management steps, which can help agencies in meeting the SDB contracting goal they negotiated with SBA for FY 2024.” https://lnkd.in/exgy6bA6

US SBA - Small Business Size Standards: Revised Size Standards Methodology Small Business Size Standards: Revised Size Standards Methodology The U.S. Small Business Administration (SBA or Agency) advises the public that it has revised its white paper explaining how it establishes, reviews, and modifies small business size standards. The revised white paper provides a detailed description of SBA's size standards methodology, including changes from SBA's 2019 Revised Size Standards Methodology (2019 Methodology, available at www.sba.gov/size), which guided SBA's recently completed second five-year review of size standards as required by the Small Business Jobs Act of 2010 (Jobs Act). SBA welcomes comments and feedback on the 2023 Revised Methodology, which SBA intends to apply to the forthcoming third five-year review of size standards. #SBA #SIZESTANDARD #smallbusiness https://lnkd.in/dwef6-9x

📌 Browse our #smallbusiness workshops this week: Small Business Structures: What You Need to Know Inflation Impacts on Small Business There's still time to register ↓ https://lnkd.in/gp8rKN6w

📌 Browse our #smallbusiness workshops this week: Business Plans 101 McKinney (in-person) Improve Your Personal Credit Score (online) There's still time to register ↓ https://lnkd.in/gmCqwZ9Q

Read the latest U.S. Small Business Administration, Office of Inspector General management advisory report in accordance with requirements in the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Extension Act of 2022 for OIG to conduct an audit related to small business verification of sales and investments. Specifically, we address our ability to determine whether small businesses are verifying sales and investments in the program and how the Act’s requirements were established. Our office found limited assurance that small businesses verified sales and investments as outlined in the Act. According to SBA, to determine whether small businesses met increased minimum performance standards, it reviewed the business’ self-reported information on the SBIR website. SBA then performed “spot checks,” or limited reviews, of federal sales against two publicly available databases, Federal Procurement Data System (https://ow.ly/K9Fz50Rlh1q) and https://ow.ly/O20a50Rlh1s. To address concerns with procedures for assessing whether small businesses are verifying sales and investments and to address risks associated with SBA’s reliance on self-certifications, we recommended the agency establish formal procedures for obtaining and reviewing appropriate supporting documentation to ensure sales and investments are accurately reported. Read more: https://ow.ly/A5SE50Rlh1r

💡 Did you know... there are free SBA funded SCORE templates that can help you manage your business? 🔎 Search and download templates for every aspect of your #smallbiz: 👉 https://bit.ly/3yGczdV #Smallbusinessmonth #Businessresources

Read about the documented enhancements within the 8(a) and Woman-Owned Small Business Programs. Examine areas for improvement and successful initiatives within the current spectrum of outcomes and programs managed by the Small Business Administration (SBA). https://bit.ly/3GinATn

May is #SmallBusinessMonth, but here in #NewJersey, we celebrate our small businesses all year long by providing various resources for business success! Download our Small Business Manual that provides information and guidance on establishing, maintaining and expanding a small business in NJ: https://lnkd.in/e86766Tq #NJBAC #SmallBusiness #BusinessResources

With the revised SBA SOP 50 10 7.1 now in effect, there are several impactful changes small business owners should be aware of. To find out more about these recent updates, read our latest blog post below. Our experienced team of Business Development Officers are trained experts on the SBA Rules and Guidelines and are prepared to answer any questions you might have. https://lnkd.in/ed7CUnQC