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FBO DAILY ISSUE OF DECEMBER 05, 2004 FBO #1105
SPECIAL NOTICE

99 -- SMALL BUSINESS INNOVATION PROGRAM (SBIR) - SBA HAS PUBLISHED ITS FINAL RULE

Notice Date
12/3/2004
 
Notice Type
Special Notice
 
NAICS
926110 — Administration of General Economic Programs
 
Contracting Office
Small Business Administration, Office of Administration, Office of Procurement and Grants Management, 409 Third Street, S.W., 5th Floor, Washington, DC, 20416
 
ZIP Code
20416
 
Solicitation Number
Reference-Number-2004-SBIR-FR
 
Archive Date
3/3/2005
 
Description
The U.S. Small Business Administration (SBA) has revised its small business size regulations regarding ownership and control of Small Business Innovation Research (SBIR) Program awardees. The final rule provides that an SBIR awardee must meet the following requirements: (1) it must be a for-profit business concern that is at least 51% owned and controlled by one or more individuals who are citizens of, or permanent resident aliens in, the United States (as the regulations currently require); or (2) it must be a for-profit business concern that is at least 51% owned and controlled by another for-profit business concern that is at least 51% owned and controlled by one or more individuals who are citizens of, or permanent resident aliens in, the United States. This rule does not change the size standard requiring that an SBIR awardee, together with its affiliates, have no more than 500 employees. Because SBA received a large number of comments to its June 4, 2003, proposed rule that concerned ownership of SBIR Program participants by Venture Capital Companies, SBA will issue an Advanced Notice of Proposed Rulemaking (ANPRM) seeking additional information on this issue. The ANPRM will also seek additional information on whether SBA should restructure its small business size standards (originally proposed on March 19, 2004). For more information, please see http://www.sba.gov/size/indexwhatsnew.html#sbirFR
 
Record
SN00716816-W 20041205/041203212256 (fbodaily.com)
 
Source
FedBizOpps.gov Link to This Notice
(may not be valid after Archive Date)

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