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Jul 31, 11:30 PM
SBA Announces New Working Capital Pilot Program and Regulatory Considerations
Economics
Arizona
Politics
Business

SBA Announces New Working Capital Pilot Program and Regulatory Considerations

Authors
  • Denver Business Journal
  • Phoenix Business Journal
  • San Francisco Business Times
6

The Small Business Administration (SBA) has announced several significant updates. On July 30, the SBA stated it is considering prohibiting Mentor-Protégé Joint Ventures from competing for multiple award contracts. Additionally, the SBA is introducing a new Working Capital Pilot Program with a start date that is fast-approaching. On July 31, the agency addressed issues related to a Covid-19 relief program by turning to bankrupt borrowers. Furthermore, the FAR Council has proposed a rule to implement SBA Mentor-Protégé incentives for Puerto Rico, the U.S. Virgin Islands, and other U.S. territories.

Written with ChatGPT (GPT-4o).

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