Office of Business Development Reports to Congress
The 408 Report to the Congress (officially known as the "Report to the U.S. Congress on Minority Small Business and Capital Ownership Development") is the report on SBA's 8(a) Business Development Program as required by the Business Opportunity Development Reform Act of 1988, 15 U.S. Code (U.S.C.)§636(j)16(A)(B)(C) and Small Business Act Section 7(j)(16)(A)(B)(C).
This report is provided annually to the Congress to determine and quantify the extent to which the 8(a) Business Development (BD) program has assisted in the development of firms owned and controlled by socially and economically disadvantaged individuals. The Small Business Act requires SBA to provide information on participants in the 8(a) BD program for the Report year and the status of the business concerns that completed their 8(a) BD program term during the preceding three fiscal years of the Report year.