Yesterday the Small Business Administration raised the threshold levels for SBIR awards. The level for Phase 1 awards has increased to $150,000 where the threshold for Phase 2 awards has increased to $1,000,000. The levels for STTR's were not altered at this time but could also end up being revised. This is good news on a couple of fronts. First, the increased level of award will help cover escalating costs due to inflationary pressures and possibly also help fuel more complete development. More importantly, this is a message to congress that the SBA is highly involved in determining the guidelines of the program. It will help resolve one of the major differences between the House version of the SBIR re-authorization bill and the Senate version. Now we go back to congress where the SBIR re-authorization bills are faced with the April 30 deadline. I'm hopeful that the action by the SBA would help the two sides of congress come to agreement to complete this bill and present it to the President. Will it happen in the next 30 days? Hopefully yes but realistically probably not. Meanwhile small business should continue to pursue the SBIR/STTR programs with earnest. I think the program is too valuable from a jobs standpoint alone to have it disappear.
DCAA Compliance Blog
Your Source for DCAA News and Information for Contractors
ReliAscent® LLC is the only government contract accounting firm that specializes in all aspects of government contracting compliance. From our DCAA compliant accounting services, to monthly government contract accounting for all government agency awards, contract management & administration, and financial services & planning, our goal is to ensure the success of our clients, and all small business government contractors and grantees.
In our DCAA Blog, we discuss the latest government contracting news from the Federal Government, the DCAA, and DCMA, as well as promotions offered by ReliAscent, and helpful tools and resources for contractors.
We hope you will visit and take part in the discussions on our blog on a regular basis. If you ever have any questions or would like to discuss how our experts can help, do not hesitate to contact us at any time!