Participation in the SBA’s 8(a) Program has declined from about 7,000 firms in 2010 to only around 4,500 today–a sharp drop of approximately 34% in only six years.
These startling numbers come from a recent SBA Office of Inspector General report, which focuses on whether the SBA properly documented the reasons for admitting certain 8(a) participants. While that matter is interesting in its own right, the most revealing part of the SBA OIG report is the rapid decline in 8(a) Program participation, and the SBA’s plans to reverse it.
The SBA OIG report states that “[s]ince 2010, there has been a steady decline in the number of firms participating in the 8(a) Program from about 7,000 in 2010 to about 4,600 in 2015.” As of January 2016, the numbers had dropped even more, to “approximately 4,495 participants.”
One potential reason for the low numbers: the administrative burdens of getting certified.
Keep reading this article at: http://smallgovcon.com/8a-program/8a-program-participation-down-34-since-2010/