The Small Business Administration has extended — until Sept. 30, 2024 — the moratorium on the requirement for small businesses to establish a bona fide place of business in a particular geographic area when awarded any construction contract under the 8(a) Business Development Program.
The moratorium was instated in 2021 to address challenges during the COVID-19 pandemic and has since enabled federal agencies to increase construction procurements with small and disadvantaged businesses in rural and remote areas, SBA said Monday.
A bona fide place of business refers to the location where a participant regularly maintains an office with at least one full-time employee. It does not include construction trailers or other temporary construction sites.
“With this extension, the SBA under the Biden-Harris Administration is again demonstrating its commitment to creating opportunity and leveling the playing field for American entrepreneurs,” said SBA Administrator Isabella Casillas Guzman.