- Special Sections
- Public Notices
SBA’s 8(a) BD program is a nine-year business development program, which provides specialized business training, counseling, marketing and technical assistance to small businesses certified for participation in the program.
The revisions to the 8(a) BD regulations are the first comprehensive overhaul of the program in more than ten years. The changes are:
•Both technical and substantive in nature;
• Made to ensure that the program benefits flow to the intended recipients; and
•To help reduce potential fraud, waste and abuse.
The changed regulations allow owners of 8(a) firms called to active military status to elect to be suspended in order not to lose any of their 9-year term in the program.
For the first time, this rule adds objective criteria to determine economic disadvantage based on personal income ($250,000 for initial eligibility, $350,000 for continued eligibility) and total assets ($4 million for initial eligibility, $6 million continued eligibility).
The new rule allows an immediate family member of a current or former 8(a) firm to own an 8(a) firm where there are no or negligible connections between the two firms and the family member can demonstrate sufficient management and technical experience to independently operate the firm.
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