GovContractPros, LLC’s Post

CALLING ON SMALL BIZ OWNERS! Join New England area small business owners on Wednesday, March 19th at 10:00 a.m. EST for an virtual Regulatory Enforcement Fairness Roundtable.   This roundtable is a unique opportunity to share your concerns about federal regulatory challenges your business is facing directly with the U.S. Small Business Administration's (SBA) Office of the National Ombudsman, representatives from SBA and other federal agencies. 👉 Learn how the SBA’s Office of the National Ombudsman and other federal partners can help your small business save time and money resolving complex regulatory compliance and enforcement issues. 👉 Provide real-time input on regulatory fairness issues impacting your small business and discuss ways the federal government can help small businesses to grow and thrive. 👉 Learn more about resources and assistance available through the SBA, the Office of the National Ombudsman, and other federal agencies. Meet local SBA representatives and SBA resource partners. Register here - https://lnkd.in/eHRVCUb4

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

Exciting news for women entrepreneurs! 🎉 Congratulations to the 830 newly certified Women-Owned Small Businesses! This milestone highlights the growing opportunities for women to make their mark in government contracting and beyond. Here’s to breaking barriers, driving innovation, and creating lasting impact. Let’s keep supporting and empowering women-owned businesses to reach new heights! #WomenInBusiness #WOSB #Entrepreneurship #GovernmentContracting #Empowerment

Bravo SBA! And Congratulations WOSBs/EDWOSBs! Welcome to the club! Many of us understand the road you just traveled and how awesome it feels to be at the end. But it's only the beginning... I know everyone is excited and hopeful with their new certification in hand but I'm known to keep it real...so here it is. If you haven't heard, we WOSBs have our work cut out for us. The WOSB prime contract goal of 5% has only been met TWICE in the WOSB Program's history. Yes, that's right -- two times EVER. Will the Government meet its WOSB goals in FY2024? It remains to be seen. It can be an uphill climb in the Federal marketplace for WOSBs and EDWOSBs. Set-asides under the WOSB Program are not plentiful and sole source contracts are a unicorn. This space requires PERSERVERENCE and ACTION! Do not wait to-- ▶ MARKET your business and network within the Government space HARD! Be respectfully persistent. Not sure who you should talk to? Read the articles at https://lnkd.in/g6ndf6-U and https://lnkd.in/gntAB8dh to know who to talk to and what to talk about when you get those opportunities. ▶ Get your Dynamic Small Business Search (DSBS) profile completed so it shines and links to your website and tells the story of your capabilities (get a free guide on how to do this at https://lnkd.in/gZDEscf2). ▶ Pre-position your business so it can quickly and thoroughly respond to Requests for Information (RFIs) to influence acquisition strategies toward WOSB and EDWOSB set-asides before it's too late. Create a Project Library and look at RFIs to create a template for responses most often requested...And do the same for RFPs! (Don't know what an RFI or RFP is? Check out the article at https://lnkd.in/gRieRrag.) ▶ Create prime, subcontract, and micro-purchase strategies. Micro-purchases and subcontracts help you build valuable experience and past performance to leverage into prime opportunities, particularly if you are thin on commercial sector experience also. Check out two free videos on these topics at youtu.be/-GqLL6SkElI and youtu.be/UpTkj8BFUwo. ▶ Empower yourself! Understand how to research the Federal marketplace and use the Government tools to read and predict opportunities. Check out two free videos about how to do that at youtu.be/q7qW94RNhM4 and youtu.be/5OlYDDWT5Oo. ▶ Network with other WOSBs and talk about your experiences and help each other out. There are several great WOSB leaders and small business advocates out here on LinkedIn that are willing to share their knowledge, experiences, and listen. Lastly, I hope you check out my free website, fedsubk.com, and use it as a go-to resource as you put those shiny new certifications to use! I have links to SBA and other free resources, articles, a curated list of SBA events, and more. I can't wait to see what you all accomplish! Again, congratulations!

On March 1, 2024, in the case of National Small Business United v. Yellen, No. 5:22-cv-01448 (N.D. Ala.), a federal district court in the Northern District of Alabama, Northeastern Division, entered a final declaratory judgment, concluding that the Corporate Transparency Act exceeds the Constitution’s limits on Congress’s power and enjoining the Department of the Treasury and FinCEN from enforcing the Corporate Transparency Act against the plaintiffs. FinCEN is complying with the court’s order and will continue to comply with the court’s order for as long as it remains in effect. As a result, the government is not currently enforcing the Corporate Transparency Act against the plaintiffs in that action: Isaac Winkles, reporting companies for which Isaac Winkles is the beneficial owner or applicant, the National Small Business Association, and members of the National Small Business Association (as of March 1, 2024). Those individuals and entities are not required to report beneficial ownership information to FinCEN at this time. Click here to view: https://lnkd.in/eeUBPVYb #FinCENNews #RiskAlert #FinalRule #SECAlert #SECFinalRules #RRSCompliance #RIA #Examinations #RiskManagement #MarketingRule #ComplianceReviews

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

On August 23, 2024, the U.S. Small Business Administration (SBA) posted a proposed rule to update and clarify aspects of various SBA small business programs, including but not limited to the HUBZone Program and 8(a) Business Development Program. A major theme of the proposed rule is promoting uniformity across the size and status certification programs.  SBA has taken feedback from small businesses that “improvements are needed to make its socioeconomic contracting programs more uniform, in order to relieve burdens associated with compliance with multiple programs.” Read more about this rule change in this great piece from Crowell & Moring: https://lnkd.in/e4ReFS6p

Breaking News!! National Small Business Association members!!! A judge ruled in favor of NSBA in Lawsuit over Corporate Transparency Act (CTA). As a result, the government is not currently enforcing the Corporate Transparency Act against the plaintiffs in that action. According to the latest FinCEN news release, members of the National Small Business Association (as of March 1, 2024) are NOT required to report beneficial ownership information to FinCEN at this time. How long have you been a member of the NSBA? Other than this latest ruling, what do you believe are the biggest benefits of membership? #smallbusinessowner #corporatetransparencyact #boireporting

Attention Small Business Owners! 🌟 Learn how the SBA can be your sidekick in Government Small Business Contracts. Our latest blog delves into the important role played by the Small Business Administration. Read more: https://lnkd.in/eqempEbC

Join our Government Contracts lawyers Wednesday, May 22, for a discussion on the government's small business preference programs focusing on what large businesses, strategic buyers, and financial sponsors need to know about acquiring small businesses contracted with the government. In this webinar, we’ll provide an overview U.S. Small Business Administration's contracting programs and the small business and socioeconomic qualification requirements, including recent developments related to the 8(a) program. We'll cover considerations related to small businesses subcontracting plans, limitations on subcontracting under set-aside procurements, mentor-protégé arrangements and associated joint ventures, and diligence and other considerations relevant to acquiring small business government contractors. Register here ➡️ https://bit.ly/3UF2q9S #SmallBusiness #GovernmentContracts Kristen Ittig | Mike McGill | Tom Pettit