Tar Heel Newsletter -- January 2019

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The Tar Heel Newsletter
January 2020

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SBA Modifies Method for
Calculating Small Businesses

The U.S. Small Business Administration published in the Federal Register a final rule to modify its method for calculating annual revenues used to prescribe size standards for small businesses. The final rule is effective Jan. 6, 2020.

The SBA changed its regulations on the calculation of annual revenues from a three-year averaging period to a five-year averaging period, outside of the SBA Business Loan and Disaster Loan Programs. The change in the averaging period for calculating annual average revenues from three years to five years may result in firms regaining or retaining their small business status. To assist small businesses with this change, the SBA is providing a two-year transition period while firms subject to the change may choose either a three-year averaging period or a five-year averaging period.

This final rule implements the Small Business Runway Extension Act of 2018, Public Law No.115-324, which changed the requirements for proposed size standards prescribed by an agency without separate statutory authority to issue size standards. The intent of the law was to allow small business government contractors more time to prepare for the transition to the full and open market after they exceed the size standard.

While the law changed the averaging period for calculating annual revenues of businesses in services industries from three years to five years, the law did not address the averaging period for calculating the size of other businesses. To promote consistency, the SBA is adopting a five-year averaging period for all of the SBA’s and other agencies’ revenue-based size standards, regardless of whether the industry is for services.

As noted above, this change will not apply to the SBA Business Loan and Disaster Loan Programs. The SBA will seek comment, through a separate rulemaking, on the appropriate averaging period for the SBA Business Loan and Disaster Loan Programs.

For more information about the SBA’s revisions to its small business size standards for various industry sectors, visit http://www.sba.gov/size.



Opportunity Grows for
Entrepreneurs in 2020

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Entrepreneurship & Opportunity for Small Business in 2020

 

 

By Ashley D. Bell
Regional Administrator, U.S. Small Business Administration
White House Policy Advisor for Entrepreneurship & Innovation

A new year brings new opportunity.  As we celebrate the 2nd year of the Tax Cuts Jobs Act, small businesses are well positioned to grow and prosper.  The year end-review highlights include more than 7 million jobs created since November 2016, and an unemployment rate at the lowest rate in 50 years, with rapid business startups by minority women. This leads to 83% of small business owners believing that the TCJA is having a positive impact on the economy, according to a recent study by the National Federation of Independent Businesses.

To share some great news as we ring in the new year, in the last twelve months, American workers have seen a 3% wage increase.   Across the nation, women and especially minority entrepreneurs are starting businesses locally and adding flavor to local main streets and taking their business global.  Today, businesses are taking advantage of tax reform and the ability to deduct up to 20 percent of their qualified business income. 

As we witness small business growth across the nation, we want to help entrepreneurs continue to grow through investment and diversification. Throughout 2020 I have plans to tour the nation and host Opportunity and Entrepreneurship Summits. These events will help educate entrepreneurs on the opportunities that exist through investment into Opportunity Zones. As private equity is growing in relevance to small business, opportunity zones present an additional outlet for small business to grow, thrive and invest. Upcoming summits are scheduled for Columbus, OH, Charlotte, NC, Atlanta, GA, Detroit, MI, Chicago, IL. Phoenix, AZ, Philadelphia, PA and Las Vegas, NV. Please reach out to your local SBA district office for more information on these summits and to see what events may be coming up in your area in the near future. The local SBA district offices may be easily found by visiting www.sba.gov.

2020 is looking to be a full, prosperous year for small business and I look forward to working with entrepreneurs across the nation to help highlight future opportunities as well as to listen and learn about what policy changes are needed to assure continued small business growth.



Upcoming In-Person Workshop

Small Business Federal Certifications Workshop


Do you currently sell, or are you interested in selling, your goods or services to the federal government?  If so, please join the U.S. Small Business Administration as we discuss small business certifications to give your firm an edge in the lucrative government contracting arena. 

The certification programs to be discussed include:

  • Woman-Owned Small Business
  • Small Disadvantaged Business
  • Veteran & Service-Disabled Veteran
  • 8(a) Business Development
  • HUBZone program

This event will cover details on eligibility and applying for certification.  A representative from the SBTDC-based Procurement Technical Assistance Center (PTAC) will also be on hand to profile the services they can offer to help you effectively tap into federal procurement opportunities.

Find out how you can help the federal government meet its annual goal of awarding 23% of its procurement dollars to small businesses!

Date: Tuesday, January 14, 2020
Time: 9:00 a.m. - 11:00 a.m. EST

In-Person Location
U.S. SBA North Carolina District Office
6302 Fairview Road, Suite 300
Charlotte, NC 28210
704.344.6563 / www.sba.gov/nc / NC@sba.gov

Registration

Click on the events page to locate the event and to register


Doing Business with the Federal Government and Other Certifications to Grow Your Business


Have you started your small business and are looking for the next step? 

The federal government is the largest purchaser of goods and services. In fact, small businesses are eligible for $0.23 out of every $1.00 spent through federal procurement.

During this seminar attendees will dig into doing business with the federal government. Additional discussions will be held on: access to capital, federal certifications, HubZones, and the Women-Owned Small Business Program.

All services are free of charge.

Date: Tuesday, May 19, 2020
          9:00 a.m. to 11:00 a.m. EST

Location: Regional High Technology Center - Room 3021
                112 Industrial Park Drive, Waynesville, NC 28786

Register



Upcoming Online/In-Person Workshop

Marketing to the Federal Government:

Capture Management

Learn about the different methods of marketing your
business to the federal government.

Date: Tuesday, January 28, 2020
Time: 10:00 a.m. - 11:00 a.m. EST
Cost: Free

Online Webinar Access:
Join by phone: +1 (202) 765-1264
Conference ID: 635264008#
Join by web: https://meet.lync.com/sba123/amoorad/0K2S0298?sl=1

In-Person Location
U.S. SBA North Carolina District Office
6302 Fairview Road, Suite 300
Charlotte, NC 28210

Event Registration - Go to https://www.sba.gov/nc and click on the events page to locate the event and to register



Upcoming Online Workshops

Government Contracting Training

SELF-CERTIFICATION OF 7(J) ELIGIBILITY REQUIRED

7(j) Eligibility includes firms that meet one or more of the follow-ing:

  • Certified 8(a)
  • Certified HUBZone
  • Owned by an Economically Disadvantaged Woman
  • Owned by a socially and economically disadvantaged individual whose firm may or may not be a participant in the 8(a) Business Development Program;
  • Located in a high unemployment or low income area, as defined in the U.S. Census Bureau's County and City Data Book and in the Poverty Guidelines issued by the U.S. Department of Health and Human Services (HHS);
  • Owned by a low-income individual, as defined under HHS Poverty Guidelines.

How it works
Just like a class you’d attend in person, courses are taught by a live instructor on a scheduled day and time. The Web-enabled Instructor-Led training experience has much in common with the classroom equivalent. Students:

  • Receive course materials in advance
  • Participate in real time using a broadband connection
  • Interact directly with the instructor and their peers

From your computer, you’ll link to an instructor in a live, real-time, interactive learning experience. You’ll become part of a virtual classroom where you can ask questions, seek guidance and participate in class discussions and interactive exercises

Federal Acquisition Regulations
(FAR) Primer
January 9, 2020
1:00—5:00 pm EST

Federal Contracting Basics
January 13, 2020
1:00—4:00 pm EST

Understanding Requests for Proposal (RFP)
January 14, 2020
1:00—3:30 pm EST

Developing Technical and Past
Performance Proposals
January 15, 2020
1:00—4:00 pm EST

Introduction to Managing Government
Construction Projects
January 15, 2020
5:00—8:00 pm EST

Developing the Cost Proposal
January 16, 2020
1:00—4:00 pm EST

Audits and Accounting Systems
January 21, 2020
1:00—4:00 pm EST

Government Contract Types
January 22, 2020
1:00—3:00 pm EST

Negotiating Government Contracts
January 23, 2020
1:00—5:00 pm EST

How to Qualify for the GSA Schedule
January 27, 2020
1:00—3:00 pm EST

Managing and Administrating
Government Contracts
January 28, 2020
1:00—4:00 pm EST

Strategic Planning
January 29, 2020
1:00—2:30 pm EST


For Course Details and to Register
http://sbaworkshops.stoverteam.com

Point of contact is Phyllis Embree or Chris Strudthoff, sbaworkshops@stoverteam.com or (770) 423-9888.

Training is provided by Stover & Associates, Inc.

This activity is funded by the U.S. Small Business Administration (SBA) contract number SBAHQ-17-C-0030. SBA’s funding is not an endorsement of the contractor or any products, opinions or services. All SBA Programs and services are extended to the public on a non-discriminatory basis.

Reasonable arrangement for persons with disabilities will be made if re-quested at least two weeks in advance.


Small Business Federal Certifications Workshop


Do you currently sell, or are you interested in selling, your goods or services to the federal government?  If so, please join the U.S. Small Business Administration as we discuss small business certifications to give your firm an edge in the lucrative government contracting arena. 

The certification programs to be discussed include:

  • Woman-Owned Small Business
  • Small Disadvantaged Business
  • Veteran & Service-Disabled Veteran
  • 8(a) Business Development
  • HUBZone program

This event will cover details on eligibility and applying for certification.  A representative from the SBTDC-based Procurement Technical Assistance Center (PTAC) will also be on hand to profile the services they can offer to help you effectively tap into federal procurement opportunities.

Find out how you can help the federal government meet its annual goal of awarding 23% of its procurement dollars to small businesses!

Date: Tuesday, February 11, 2020
Time: 9:00 a.m. - 11:00 a.m. EST

Webinar Access:
Join by phone: +12027651264
Conference ID: 635264008#
Join by web: https://meet.lync.com/sba123/amoorad/0K2S0298?sl=1



Recent Changes in Small Business Contracting Regulations

  1. NDAA/Rise - https://www.regulations.gov/document?D=SBA-2018-0012-0040
  2. Runway Act - https://www.regulations.gov/document?D=SBA-2019-0006-0220
  3. HUBZone Comprehensive - https://www.regulations.gov/document?D=SBA-2018-0005-0099
  4. HUBZone Governors Direct - https://www.regulations.gov/document?D=SBA-2019-0010-0001
  5. Mentor-Protégé - https://www.regulations.gov/document?D=SBA-2018-0006-0001


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