Congress has included in the new COVID-19 relief bill a one-year extension of the term for participation in the 8(a) Program.
Under the provision, any small business concern participating in the 8(a) program on or before September 9, 2020 may “elect to extend such participation by a period of 1 year.”
This is good news, especially for those concerns in their last year of viability in the 8(a) program who may have felt shortchanged from COVID’s effects on the economy.
This provision is found under Section 330 of the “Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act” (Division N, Title III of the “Consolidated Appropriations Act, 2021”). The Consolidated Appropriations Act, 2021 was passed on December 27, 2020. If you’re trying to find it, it’s at page 2183 of the 5593-page (!) law.
Keep reading this article at: https://smallgovcon.com/8a-program/8a-participants-to-receive-one-year-extension-through-covid-19-bill/
