Small Business Administration (SBA) Orders 8(a) Firms to Submit Extensive Financial Records
Overview of the 8(a) Program and Background The SBA’s 8(a) Business Development Program (the “Program”) supports small businesses owned by socially and economically disadvantaged individuals and certain entities (e.g., Alaska Native Corporations, American Indian Tribes, and Native Hawaiian Organizations). Eligible firms gain access to set-aside federal contracting opportunities, plus tailored counseling, training, and technical support. In recent years, the Program has come under much scrutiny. Beginning in 2023 in response to a challenge in federal court, the SBA ended its practice of providing a “presumption” of social disadvantage to certain identified ethnic groups and has since required all current and […]















