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The Small Business Administration and the Defense Department are expanding an arrangement to foster new companies with national security technology. The latest joint effort is called the Small Business Investment Company Critical Technologies Initiative.
In today's Federal Newscast, a pandemic watchdog flags billions of dollars in potential fraud from programs offered by the Small Business Administration.
Judging by the pace of patent applications, intellectual property is expanding fast in the United States and around the world. Without innovation, it's hard to grow and economy.
The Small Business Administration is taking on a major project in the new year – certifying the veteran-owned status of small businesses looking to compete for federal government contracts.
A few years back, Congress changed how the Small Business Administration would calculate whether a business qualified as small. It had been the average of three years of revenue. The new rule was five years. The question arose: When did the new calculus kick in? This had real consequences for a company called Obsidian.
In today's Federal Newscast: Small businesses get some inflation relief from the SBA. Federal first responders, with on-the-job injuries, may soon get better retirement benefits. And federal prosecutors have filed charges following a gun battle that killed a CBP officer.
The Office of Personnel Management removed economist and auditor from its list of high risk mission critical occupations, but said more work is needed to close the skills gap for acquisition, human resources and cybersecurity professionals.
Documents obtained by the Project on Government Oversight or POGO, show the Small Business Administration forgave millions of loans it knew might be fraudulent. SBA issued the loans under the Payroll Protection Plan, a big element of federal pandemic relief.
Smith Pachter McWhorter procurement attorney Joseph Petrillo explained a contract award dispute that hinged on the spelling of a name.
Two weeks into the continuing resolution agencies hoping to start new initiatives are now looking towards December 16. That's when Congress promised to establish a 2023 budget. History shows that's a pretty thin read to lean on.
In today's Federal Newscast: Lawmakers are pushing to extend a program deadline for Public Service Loan Forgiveness. A lawsuit about racially biased performance evaluations at NASA moves forward. And a handful of IRS employees are charged with defrauding two pandemic-relief programs.
Although FASA’s implementation started out with promise, 27 years on we have witnessed regulatory, operational and procedural steps backward.
A review by the SBA Office of Inspector General found a number of applications for Economic Injury Disaster Loans from foreign IP addresses were flagged as fraudulent, but not properly reviewed.
This Secret Service agent led a nationwide criminal investigation that so far has clawed back more than a billion dollars anyway, awarded to frauds under the Paycheck Protection Program and prevented maybe twice that much from going out in the first place.