On January 13, 2021, the U.S. Small Business Administration (SBA) issued an interim final rule (effective immediately) to allow certain 8(a) Business Development (BD) program (the “program”) participants to extend their program term by a period of one year. The interim rule implements a provision in the Consolidated Appropriations Act of 2021 and the National Defense Authorization Act for Fiscal Year 2021, which permits businesses that were in the program on or before September 9, 2020, to extend their participation in the program for a period of one year.
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See also related article at Bradley’s Buildsmart blog.
