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SBA Finalizes New Mentor Protégé Program

Tuesday, July 26, 2016  
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SBA Finalizes New Mentor Protégé Program

 

This morning, SBA issued a final rule implementing the Small Business Mentor-Protégé program, similar to the 8(a) program. The new program, which may be one of the most important small business programs in the last decade, is modeled after the successful 8(a) Mentor-Protégé pand has been designed to enhance the capabilities of small federal contractors.

 

The new program will allow approved mentors to provide business development assistance to protégé firms, and in turn, improve the protégé firm’s ability to compete for federal contracts. Program assistance is defined to include technical and/or management assistance, financial assistance through equity investments and/or loans, subcontracts (either from the mentor to the protégé or from the protégé to the mentor), and assistance in performing federal prime contracts through joint venture agreements. Like the 8(a) program, individual agreements will be eligible to pursue set-aside contracts. WIPP provided comments on the draft rule rule and is pleased that SBA amended the program to accept applications on an ongoing basis, as having “open and closed” periods would limit the the success of the SBA program.

 

SBA did not provide a timeline to accept applications for this new Mentor-Protégé program in this final rule. WIPP government relations has reached out to SBA for additional program details, and will provide more information about the new program later this week. The final rule can be found here.


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