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Thompson Hine LLP, a full-service business law firm with approximately 400 lawyers in 8 offices, was ranked number 1 in the category “Most innovative North American law firms: New working models” by The Financial Times and was 1 of 7 firms shortlisted for The American Lawyer’s inaugural Legal Services Innovation Award. The firm has been recognized by the National Law Journal as a Legal Technology Trailblazer and featured by Bloomberg for its innovative service delivery models, which drive accuracy and predictability. The firm’s commitment to innovation is embodied in Thompson Hine SmartPaTHTM – a smarter way to work – predictable, efficient and aligned with client goals. For more information, please visit ThompsonHine.com and ThompsonHine.com/SmartPaTH.

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On August 23, the U.S. Small Business Administration (SBA) issued a proposed rule, “HUBZone Program Updates and Clarifications, and Clarifications to Other Small Business Programs” (Proposed Rule), in which it announces several pending changes that have serious implications for many of its small business programs, including the Historically Underutilized Business Zone (HUBZone), 8(a) Business Development, and <a>Mentor-Protégé programs</a>.

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As with many SBA proposed rules, this rule contains extensive updates and clarifications. We will unpack the key changes outlined in the Proposed Rule in a series of client alerts designed to inform government contractors about how the rule may impact their businesses. Once SBA announces the final rule, we will continue the series with updates describing the compliance requirements and how Thompson Hine can help small business contractors achieve and maintain compliance.

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Our client alerts will address proposed changes that will apply uniformly across all socioeconomic programs, such as negative control considerations and size and status recertification standards. We will also highlight proposed changes specific to the HUBZone and 8(a) Business Development programs.

Comments on the Proposed Rule are due on October 7, 2024, and can be submitted <a href="https://www.regulations.gov/commenton/SBA-2024-0007-0002" target="_blank" rel="noreferrer noopener">here</a>. We are also happy to assist clients seeking to submit comments on the Proposed Rule.

<a>Amaiya L.</a> Johnson also contributed to this article. Amaiya is a Thompson Hine law clerk; she is not admitted to the practice of law.

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This advisory bulletin may be reproduced, in whole or in part, with the prior permission of Thompson Hine LLP and acknowledgment of its source and copyright. This publication is intended to inform clients about legal matters of current interest. It is not intended as legal advice. Readers should not act upon the information contained in it without professional counsel.

This document may be considered attorney advertising in some jurisdictions.

https://admin.thompsonhine.com/wp-content/uploads/2024/10/Government-Contracts-Update-Key-Changes-in-SBAs-Proposed-Rule.pdf

Key Changes in SBA’s Proposed Rule

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