Sen. Begich released the following statement in response to the Small Business Administration's (SBA) work to strengthen the 8(a) Business Development program. New guidelines and regulations were released by the SBA today:
"I want to thank the SBA for their work to help strengthen the 8(a) Business Development program which provides vital services while creating jobs and economic development in some of our nation's most economically disadvantaged communities and individuals. I believe these reforms will help strengthen the overall program. "
"During this process I have said that the most important part of reform is thorough consultation with impacted communities and I have been pleased by the SBA's work to gather the thoughts of all of the participants in the program and not just focusing on our tribal participants and Alaska Native Corporations."
"There is no doubt that some members of the Senate who want to end or severely limit participation in the 8(a) program will say that these reforms do not go far enough, but the story of SBA 8(a) Business Development in Alaska is one of success and I will continue to defend this strong and sustainable program."
"I intend to use my posts on the Senate Armed Services Committee and Committee on Homeland Security and Government Oversight, which oversees government contracting, to make sure the successes of the those 8(a) participants are fairly represented and not targeted by members who don't understand the program."
A press release from the Small Business Administration is available: Here
A fact sheet from the Small Business Administration is available: Here