NEWS & INSIGHTS

The U.S. Department of Transportation issued an Interim Final Rule (IFR) that fundamentally alters the DBE program’s eligibility criteria. The key change removes the longstanding race- and gender-based presumptions previously used to classify individuals as socially and economically disadvantaged. As a result of the IFR, state UCPs are currently instructed to remove DBE participation goals from affected contracts until revisions under new standards are complete.

The State of Texas no longer recognizes the TexasHUB certification in its traditional form. The long-standing program has been formally restructured and replaced with a new program called VetHUB, Veteran Heroes United in Business.

Canada, including the Province of Ontario, has implemented procurement restriction measures that limit the participation of U.S.-based businesses in publicly funded contracting opportunities. Under these rules, U.S. suppliers may only be considered under narrowly defined and exceptional circumstances, such as when no suitable domestic alternatives are available.

One critical area that often gets overlooked at the end of the year is contract preparation. This checklist guides you through practical steps to review, organize, and prepare for contract growth so you can start the new year with confidence.

Artificial intelligence (AI) is emerging as a valuable tool for businesses writing proposals for government and corporate contracts. From accelerating the drafting process to enhancing compliance checks, AI has the potential to save time, improve quality, and increase your win rate. However, using AI in proposal writing requires careful planning and discernment.

If you own or manage a small business, there’s an important regulatory update you need to be aware of. The Beneficial Ownership...

Here is what small businesses should watch for in response to policy changes and economic shifts.

Another hold has been placed on BOI Reporting, temporarily suspending filing requirements due to ongoing legal proceedings

Filing requirements for the mandated BOI have been reinstated. Businesses to comply by January 13, 2025.

While there is a legal pause on the federal mandate to file your BOI Report, businesses can still voluntarily submit their reports.

Federal judge issues a nationwide preliminary injunction against the enforcement of the Beneficial Ownership Information (BOI) Filing.

For small businesses, securing contracts—whether with private companies or government entities—can be a way to fuel business growth.

MySBA Certifications is a new, single application for all SBA federal contracting certifications. 

The New Beneficial Ownership Filing Requirement for Small Businesses.

Changes to the DBE certification program increases personal net worth cap and more.