SBA IG audits CARES grants

      The SBA passed inspection with its Office of Inspector General for the agency’s handling of $265 million in entrepreneurial development grants under the CARES Act.

      In March 2020, Congress approved the CARES Act coronavirus aid package, including grants for several SBA programs: $192 million for Small Business Development Corporations, $48 million for Women’s Business Centers and $25 million for online training.

      The SBA OIG found that SBA awarded the grants properly. However, the auditors also recommended that SBA more clearly define the performance goals and set targets.

More Information:
OIG report: https://bit.ly/3v4VzXz

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