🚩 SBA grants one year extension to firms required to recertify between June 1, 2024 and May 31, 2025 🚩 The U.S. Small Business Administration issued a program update to firms participating in the WOSB Program which grants an additional year of eligibility to those firms whose three-year certification renewal date occurs between June 1, 2024, and May 31, 2025. This means WOSB Program participants whose renewal date is on or between June 1, 2024, and May 31, 2025, will not need to complete a three-year Renewal until June 1, 2025. Firms that have already submitted a renewal application and their three-year expiration date on or between June 1, 2024, and May 31, 2025, these recertification application will be administratively removed by SBA. If you have any further questions or need support, please do not hesitate to email us at team@govcontractpros.com.
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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
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Partner, Government Contracts at Taft Stettinius & Hollister LLP - I help businesses navigate the complexity of government contracts so they can focus on the really cool things they do so well.
Small businesses that need SBA certification: there will be a pause on new applications starting August 1st. (Existing certified SBs who need to renew: guidance will come directly from your SBA program). #far, #governmentcontracts, #smallbusiness
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This is an essential webinar series. If you want to become a Woman-Owned Small Business, like one of my Clients, or one of the other certifications, I encourage you to sign up!
Want to learn more about SBA Certifications and Contracting Programs? This two-week series will be instructed by the U.S. Small Business Administration (SBA) and will discuss the requirements, application process, and how to become SBA 8(a), SBA Women-Owned Small Business, and/or SBA HUBZone Certified. Register now: https://lnkd.in/edVpeg9j
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Empowering Individuals and Businesses as a Dynamic Solutions Provider | Strategist Extraordinaire | Transforming Fear into Momentum.
1-Year Extension of WOSB Program Recertification On May 30, 2024, the U.S. Small Business Administration (SBA) Administrator issued a program update to firms participating in the Women Owned Small Business Federal Contract Program (WOSB Program). The announcement provided SBA certified Woman-Owned Small Businesses (WOSB) and Economically Disadvantaged Women-Owned Small Businesses (EDWOSB) an additional year of eligibility to those firms whose three-year certification renewal date occurs between June 1, 2024, and May 31, 2025. This means WOSB Program participants whose renewal date is on or between June 1, 2024, and May 31, 2025, will not need to complete a three-year Renewal until June 1, 2025. To read more, click on the link below. https://lnkd.in/eeTj8AEj
1-Year Extension of WOSB Program Recertification
wosb.certify.sba.gov
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CEO | Speaker | Certified Contracts Expert | Empowering Businesses with Government Contracts Training & Strategies for Profitable Growth | AI Consulting
SBA Small Business Certification Application Update - As you now, there are many changes happening with Small Business Certification Programs. Check out this #SBA fact sheet and summary of key points shared by Shauna Weatherly. If your #federalcontracting strategy includes a small business certification you need in place by the end of the year, you may want to apply before the new system update begins August 1, 2024. SBA will not accept new certification applications during the system upgrade period. #SBA #8a #womenownedsmallbusiness #veterans #entrepreneur
Federal Acquisition SME (35+ Yrs of Federal Service (Retired)), Small Business Advocate, & President | Founder of FedSubK, a SBA-Certified WOSB Helping Small Businesses Expand Their Federal Contracting Knowledge.
HEADS UP! Starting on August 1, 2024, SBA's process for applying for Federal contracting assistance program certifications is changing. This upgrade impacts the certification programs for-- • Women-Owned Small Business (WOSB) • Economically Disadvantaged Women-Owned Small Business (EDWOSB) • 8(a) Business Development • Veteran Small Business Certification (VOSB) • Service-Disabled Veteran-Owned Small Business (SDVOSB) • Historically Underutilized Business Zones (HUBZone) Here's the deal... ▶️ Starting 8/1/2024 and thru early September 2024 (no firm end date given), SBA will pause acceptance of any new initial certification applications for all federal contracting assistance programs listed above. ▶️ SBA is encouraging new and prospective applicants for federal small business certification to wait until the upgraded system is ready to submit their applications. ▶️ If you're already certified and your renewal date falls during this upgrade period, you should receive guidance from your specific certification program on next steps. ▶️ If your application is submitted before 8/1/2024, SBA will continue to process the application during the upgrade period, in the order received. Don't sleep on this part... ‼️What can I do if my certification status (new or existing) impacts my ability propose on new opportunities during the upgrade period? (Particularly important since this is occurring during the end of fiscal year rush.) ‼️Contact SBA if you have a proposal that will be impacted by your certification status before 8/1/2024. ‼️Send an email to certifications@sba.gov with your entity name, UEI, the solicitation number, agency, and quote or offer due date. ‼️SBA has also provided a phone number for time-sensitive requests. It's 202-205-6459. For more info visit https://lnkd.in/gPGR8uGb SBA has promised more resources in coming days. Watch this space for more info.
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This is some very important #GovCon #NewsSmallBusinesses could use!! If you’re getting ready to submit or in the process of submitting an #SBA #SocioeconomicCertification application, keep an eye on 8/1/24! Read below from our friend #StevenKoprince and see how you could be impacted, and how what steps you should take if you are!
Federal Acquisition SME (35+ Yrs of Federal Service (Retired)), Small Business Advocate, & President | Founder of FedSubK, a SBA-Certified WOSB Helping Small Businesses Expand Their Federal Contracting Knowledge.
HEADS UP! Starting on August 1, 2024, SBA's process for applying for Federal contracting assistance program certifications is changing. This upgrade impacts the certification programs for-- • Women-Owned Small Business (WOSB) • Economically Disadvantaged Women-Owned Small Business (EDWOSB) • 8(a) Business Development • Veteran Small Business Certification (VOSB) • Service-Disabled Veteran-Owned Small Business (SDVOSB) • Historically Underutilized Business Zones (HUBZone) Here's the deal... ▶️ Starting 8/1/2024 and thru early September 2024 (no firm end date given), SBA will pause acceptance of any new initial certification applications for all federal contracting assistance programs listed above. ▶️ SBA is encouraging new and prospective applicants for federal small business certification to wait until the upgraded system is ready to submit their applications. ▶️ If you're already certified and your renewal date falls during this upgrade period, you should receive guidance from your specific certification program on next steps. ▶️ If your application is submitted before 8/1/2024, SBA will continue to process the application during the upgrade period, in the order received. Don't sleep on this part... ‼️What can I do if my certification status (new or existing) impacts my ability propose on new opportunities during the upgrade period? (Particularly important since this is occurring during the end of fiscal year rush.) ‼️Contact SBA if you have a proposal that will be impacted by your certification status before 8/1/2024. ‼️Send an email to certifications@sba.gov with your entity name, UEI, the solicitation number, agency, and quote or offer due date. ‼️SBA has also provided a phone number for time-sensitive requests. It's 202-205-6459. For more info visit https://lnkd.in/gPGR8uGb SBA has promised more resources in coming days. Watch this space for more info.
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Federal Acquisition SME (35+ Yrs of Federal Service (Retired)), Small Business Advocate, & President | Founder of FedSubK, a SBA-Certified WOSB Helping Small Businesses Expand Their Federal Contracting Knowledge.
HEADS UP! Starting on August 1, 2024, SBA's process for applying for Federal contracting assistance program certifications is changing. This upgrade impacts the certification programs for-- • Women-Owned Small Business (WOSB) • Economically Disadvantaged Women-Owned Small Business (EDWOSB) • 8(a) Business Development • Veteran Small Business Certification (VOSB) • Service-Disabled Veteran-Owned Small Business (SDVOSB) • Historically Underutilized Business Zones (HUBZone) Here's the deal... ▶️ Starting 8/1/2024 and thru early September 2024 (no firm end date given), SBA will pause acceptance of any new initial certification applications for all federal contracting assistance programs listed above. ▶️ SBA is encouraging new and prospective applicants for federal small business certification to wait until the upgraded system is ready to submit their applications. ▶️ If you're already certified and your renewal date falls during this upgrade period, you should receive guidance from your specific certification program on next steps. ▶️ If your application is submitted before 8/1/2024, SBA will continue to process the application during the upgrade period, in the order received. Don't sleep on this part... ‼️What can I do if my certification status (new or existing) impacts my ability propose on new opportunities during the upgrade period? (Particularly important since this is occurring during the end of fiscal year rush.) ‼️Contact SBA if you have a proposal that will be impacted by your certification status before 8/1/2024. ‼️Send an email to certifications@sba.gov with your entity name, UEI, the solicitation number, agency, and quote or offer due date. ‼️SBA has also provided a phone number for time-sensitive requests. It's 202-205-6459. For more info visit https://lnkd.in/gPGR8uGb SBA has promised more resources in coming days. Watch this space for more info.
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Good information to pay attention to.
Federal Acquisition SME (35+ Yrs of Federal Service (Retired)), Small Business Advocate, & President | Founder of FedSubK, a SBA-Certified WOSB Helping Small Businesses Expand Their Federal Contracting Knowledge.
HEADS UP! Starting on August 1, 2024, SBA's process for applying for Federal contracting assistance program certifications is changing. This upgrade impacts the certification programs for-- • Women-Owned Small Business (WOSB) • Economically Disadvantaged Women-Owned Small Business (EDWOSB) • 8(a) Business Development • Veteran Small Business Certification (VOSB) • Service-Disabled Veteran-Owned Small Business (SDVOSB) • Historically Underutilized Business Zones (HUBZone) Here's the deal... ▶️ Starting 8/1/2024 and thru early September 2024 (no firm end date given), SBA will pause acceptance of any new initial certification applications for all federal contracting assistance programs listed above. ▶️ SBA is encouraging new and prospective applicants for federal small business certification to wait until the upgraded system is ready to submit their applications. ▶️ If you're already certified and your renewal date falls during this upgrade period, you should receive guidance from your specific certification program on next steps. ▶️ If your application is submitted before 8/1/2024, SBA will continue to process the application during the upgrade period, in the order received. Don't sleep on this part... ‼️What can I do if my certification status (new or existing) impacts my ability propose on new opportunities during the upgrade period? (Particularly important since this is occurring during the end of fiscal year rush.) ‼️Contact SBA if you have a proposal that will be impacted by your certification status before 8/1/2024. ‼️Send an email to certifications@sba.gov with your entity name, UEI, the solicitation number, agency, and quote or offer due date. ‼️SBA has also provided a phone number for time-sensitive requests. It's 202-205-6459. For more info visit https://lnkd.in/gPGR8uGb SBA has promised more resources in coming days. Watch this space for more info.
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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
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