The Small Business Administration issued a proposed rule to make numerous changes to its 8(m) program for women-owned small businesses and economically disadvantaged women-owned small businesses. The Commentary summarizes the more significant changes in the SBA’s proposed rule:
Elimination of the need for repeated certification submission to contracting officers.
Regulation of the income standards for economically disadvantaged women.
Expansion of the WOSB Program industries from three to 83.
Broadening of the joint-venture requirements to allow a wider variety of partnerships.
Click Here to read the entire commentary written by Andrew J. Sherman of Jones Day and SECAF General Counsel.