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The Small Business Administration has published a final rule that seeks to modernize the Small Business Investment Company, or SBIC, program to drive private capital investment in critical industries. SBA said Wednesday the final rule, which will take effect Feb. 2, eliminates certain eligibility requirements for SBIC license applications seeking access to the Expedited Subsequent Fund Evaluation Process and reduces regulatory burdens by removing obsolete provisions and improving terms and conditions that help advance SBIC investments. According to the agency, the final rule ensures that the SBIC program remains a strong platform for funding small businesses operating in manufacturing, energy,
Sens. Gary Peters, D-Mich., and Mike Rounds, R-S.D., have proposed a bill that would require the Department of War to develop a cybersecurity workforce strategy. As lawmakers push for a more coordinated Pentagon cyber workforce strategy, collaboration across government and industry remains essential to strengthening national cyber capabilities. The Potomac Officers Club’s 2026 Cyber Summit will bring together leaders shaping the cyber mission across the federal landscape on May 21. Register today to connect with the broader cyber community and stay informed about developments shaping the future of cybersecurity. The Senate Homeland Security and Governmental Affairs Committee said Wednesday the
The University of Arizona has joined a team led by Maryland-headquartered defense technology company Precise Systems to compete for task orders under the Missile Defense Agency’s $151 billion Scalable Homeland Innovative Enterprise Layered Defense, or SHIELD, contract vehicle. The university said Wednesday that its participation in SHIELD, which supports the establishment of the Golden Dome multi-layer missile defense system, aligns with the U of A Office of Research and Partnerships’ national defense focus. Be among the first to learn about opportunities related to the Golden Dome and other technology initiatives at the Department of War by registering for the Potomac