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Small Business Runway Extension Act Takes Effect – Good News for Small Business and NSWC Dahlgren Division
January 15, 2020
IMAGE: KING GEORGE, Va. – Naval Surface Warfare Center Dahlgren Division (NSWCDD) Deputy for Small Business Kris Parker speaks with II Corps Consultants, Inc., executive Earnest King at an NSWCDD event for small businesses. A Small Business Administration final rule to implement the 2018 Small Business Runway Extension Act effective on Jan. 6, 2020 is good news for Dahlgren, according to Parker. The law increased the period of measuring small businesses’ annual revenue from three to five years in the contract evaluation process. “This change to five years is a logical move, as it helps account for the cyclical nature of contract awards,” he said. “It should really help increase our potential small business base.”  (U.S. Navy photo/Released)