Small Business Mentor-Protégé Program Expansion Updates

Small Business Mentor-Protégé Program is seeing expansion with additional classes of small businesses eligible to participate in the program.

The 8(a) Business Development (8(a) BD Mentor-Protégé Program is designed to enable successful firms provide various forms of business development assistance to 8(a) BD Program Participants. The goal of the 8(a) BD Mentor-Protégé Program is to enhance the capability of 8(a) Program Participants to be competitive, achieve entrepreneurial success, and contribute to the strength and vigor of our economy.

The SBA issued a final rule July 25, 2016, effective August 24, 2016, expanding the classes of small businesses eligible to participate in the program (https://www.federalregister.gov/articles/2016/07/25/2016-16399/small-business-mentor-protg-programs).

The current program limits mentor protégé arrangements only to certified 8(a) small disadvantaged businesses.  The revised plan will expand to include:

  • Service-disabled veteran owned small businesses (SDVOSB);
  • HUBZone small businesses;
  • Women-owned small businesses (WOSB); and,
  • small businesses generally.

To  review the full and complete requirements for the SBA 8(a) Mentor Protégé Program-SBA regulations 13 CFR 124.520Download Adobe Reader to read this link content)

Want to receive regular feeds of our Newsletters, offer topic suggestions and get regular updates? Register for the Newsletter or follow us on social links.

LinkedIn   –  Twitter  –  Facebook

To Learn more contact us:
T: 855-CAPEDGE (855-227-3343)  I  info@capitaledgeconsulting.com

CONTACT US ON LINKEDIN

Join LinkedIn Group- ASK an EXPERT: Government Contracting 

LinkedIn-Groups