SBA moves to terminate ‘economically disadvantaged’ status from over 150 DC firms

The Small Business Administration on Wednesday said it sent letters to 154 firms located in Washington, D.C., informing them that they no longer meet the “economically disadvantaged” requirements.

SBA Administrator Kelly Loeffler said in a news release that stripping the D.C. firms of the designation is part of a broader integrity push aimed at rooting out what she calls abuse in federal contracting set-asides.

“Under President Trump, the SBA is restoring integrity to federal contracting programs that promoted both discriminatory DEI and rampant abuse during the Biden Administration,” Loeffler said in an SBA news release. “This Administration is enforcing the law – which means we’re ending DEI discrimination, rooting out abuse, and removing big companies that unfairly dominated the federal contracting marketplace to the detriment of eligible, honest small business owners.”…

Story continues

TRENDING NOW

LATEST LOCAL NEWS