SBA Press Release: SBA Moves to Terminate Over 150 8(a) Firms
Washington, D.C. 8(a) Firms Who Received Nearly $1.3 Billion Being Processed for Termination after Eligibility Review
From the Press Release:
WASHINGTON — Today, the U.S. Small Business Administration (SBA) sent a letter to 154 Washington, D.C.-based 8(a) firms initiating termination proceedings after an internal review revealed that the firms failed to meet “economic disadvantage” eligibility requirements in the 8(a) Business Development Program. The firms – which will be suspended for at least 30 days before final termination from the 8(a) Program – exceeded statutory net worth limits, adjusted gross income caps, or total asset limits. Collectively, these firms received nearly $1.3 billion in 8(a) set-aside and sole-source contracts during the Biden Administration, from Fiscal Year 2021 to 2024.
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The termination proceedings come after a program integrity review by SBA’s Office of Government Contracting and Business Development (GCBD), which routinely verifies that all 8(a) firms meet program eligibility requirements, including those for economic disadvantage.
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