Tag Archives: Small Business Administration

CBO Examines Decline in Entrepreneurship Since Early 1980’s

Entrepreneurship

A new Congressional Budget Office (CBO) report says the rate at which new companies formed or entered the market dropped from 10 percent in 1982 to 8 percent in 2018. CBO said in the report published Tuesday that new firms operating for less than five years accounted for 29 percent of all businesses in 2018. 

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Incoming Administration Expected to Support Small Businesses With $400B Procurement Effort

Federal Contracting

Contracting opportunities for minority-owned and small businesses are likely to increase under the administration of President-elect Joe Biden given his campaign’s proposed $400 billion procurement effort. The Biden campaign’s website says the $400 billion plan seeks “to support small businesses and tackle inequities in the federal contracting system,” by expanding the Small Business Administration’s (SBA) 8(a) development program. 

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SBA Inspector General Issues FY 2021 Management Challenges Report

SBA

The Small Business Administration’s (SBA) office of inspector general has issued a report on eight performance and management challenges facing SBA in fiscal year 2021. “Managing COVID 19 stimulus is the greatest overall challenge facing SBA currently. This crucial new challenge is exacerbated by persisting management and performance challenges best described as systemic,” the report states.

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Seven Federal Agencies Respond to Sen. Maggie Hassan’s IT Modernization Inquiry

Sen. Maggie Hassan

Sen. Maggie Hassan (D-N.H.) asked 10 federal agencies in June about their efforts to modernize their legacy information technology systems and seven of those agencies responded. The Department of Defense (DoD), Small Business Administration (SBA) and the Social Security Administration (SSA) said they developed updated IT platforms. 

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GAO: DHS Should Ensure Contractors’ CDM Tools Provide Unique Hardware Identifiers

DHS

The Government Accountability Office (GAO) has recommended that the Department of Homeland Security (DHS) improve its implementation of the Continuous Diagnostics and Mitigation program by ensuring that contractors configure their cybersecurity tools to provide unique identifiers for hardware on agency networks.

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Guy Cavallo Named OPM Principal Deputy CIO

Guy Cavallo

Guy Cavallo, deputy chief information officer at the Small Business Administration (SBA), has been appointed principal deputy CIO at the Office of Personnel Management, effective Sept. 14th. Prior to SBA, Cavallo served as executive director of IT operations at the Transportation Security Administration (TSA).

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CISA Warns on Cyber Actor Posing as Small Business Administration

CISA

The Cybersecurity and Infrastructure Security Agency is investigating a cybercriminal who has used phishing emails posing as messages from the Small Business Administration. The emails contain a fake link pretending to be for SBA's COVID-19 loan relief, CISA said Wednesday. The malicious actor attempts to steal credentials through this method of fraud.

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House OKs $1.3T Appropriations Minibus for FY 2021

US Capitol

The House on Friday voted 217-197 to pass a package of six appropriations bills that would allocate $1.3 trillion in fiscal year 2021 funds for several federal agencies, including the departments of Defense (DoD), Health and Human Services (HHS), Energy (DoE), Commerce (DOC) and Justice (DOJ).

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Kevin Cox: CDM Program Helps Pandemic Response Agencies Improve Network Visibility

Kevin Cox

Kevin Cox, manager of the Continuous Diagnostics and Mitigation (CDM) program, said the program is working with the federal agencies involved in vaccine research and other COVID-19 pandemic response efforts to help them improve their data protection and network visibility.

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