What Happened
New Rules Support Domestic Supply Chains And Military Readiness
The U.S. Small Business Administration (SBA) has announced that it will prioritize applications from small businesses in defense-critical manufacturing industries for its 8(a) Business Development Program. The new guidance includes restoring financial and business document reviews of applicants and prioritizing industries such as missile and space vehicle manufacturing, aircraft parts, and navigation and guidance systems. According to the SBA, this change will strengthen domestic supply chains and support America’s military readiness. This development was reported by an unknown source.