
Speaker C
52:42 - 53:38
"The applications processed by SBA that allow us to renew our entities and then provide reform work in the 8 space has been stalled by SBA. And so we've seen no applications, which means the ANCs cannot have their new entities come into the business. And so that's not something that's hurting this year, but then will certainly hurt in years to come"
“The applications processed by SBA that allow us to renew our entities and then provide reform work in the 8 space has been stalled by SBA. And so we've seen no applications, which means the ANCs cannot have their new entities come into the business. And so that's not something that's hurting this year, but then will certainly hurt in years to come”
Just— so Katherine, in the past year, how has the— how have things in Washington affected, like changes of regulation and everything, how has that affected the, I guess, top-line revenue and the process of putting in contracts differently from previous years? Sure. I think first of all, the applications processed by SBA that allow us to renew our entities and then provide reform work in the 8 space has been stalled by SBA. And so we've seen no applications, which means the ANCs cannot have their new entities come into the business. And so that's not something that's hurting this year, but then will certainly hurt in years to come and will have a freezing effect on the ability to compete for some of those contracts.
A freeze on new applications to the federal 8(a) contracting program threatens future revenue for Alaska Native corporations that generated $9 billion in federal work in 2022 and returned $300 million to shareholders last year.

The Small Business Administration has stopped processing new 8(a) applications for Alaska Native corporation subsidiaries, blocking future contracting access as the administration reviews federal procurement practices.
