The U.S. Small Business Administration (SBA) has extended the moratorium on the 8(a) Business Development Bona Fide Place of Business (BFPOB) Requirement through September 30, 2024. Announced by Administrator Isabella Casillas Guzman during her inaugural day of a multi-city Alaska tour, this decision underscores the SBA’s commitment to empowering small businesses in the wake of the COVID-19 pandemic.
Introduced in 2021 as a swift response to the pandemic and the ensuing trend of remote work, the BFPOB Requirement Moratorium is a part of the SBA’s 8(a) Business Development Program. Initially, it was created to alleviate the pressure on participating businesses from the mandate of maintaining a physical presence to be eligible for any 8(a) construction contract. This means that a participating small business aiming for an 8(a) construction contract can now bypass the need for a BFPOB within any geographic boundary.
Dispatches From The Front 