The Small Business Administration is gearing up for some big changes for their programs. The agency is looking to eliminate self-certification from their 8(a) program. Scott Davidson, managing principal at GCO Consulting, says that ensuring registered businesses meet eligibility requirements is incredibly important.
“The reality is that with self-certification, for a very long time it allows people to get into the program that may not necessarily qualify for the program. That’s where you have to consider some of the issues… I think there was between 40 and 50 percent of people may not have been eligible in certain programs. Not just the 8(a) program but economically-disadvantaged-owned, Women-owned small businesses, In the [veteran] small business world, it is the same issue,” Davidson said. “You have certain certifying bodies that are there that people can self-certify, but not necessarily qualify. They are looking to end that issue by bringing everything underneath one silo and make it one standard process.”