The Department of Defense, General Services Administration, and NASA have introduced a final rule amending the Federal Acquisition Regulation (FAR) to incorporate regulatory changes by the Small Business Administration. This rule provides incentives for small businesses in certain U.S. territories, including Puerto Rico, under the SBA mentor-protégé program. It allows mentors to gain positive consideration in past performance evaluations if they subcontract with protégés from these areas and counts training costs toward subcontracting plan goals. The rule also clarifies that subcontracting plans are not required for entities treated as small business concerns by statute, such as Alaska Native Corporations.
Simple Explanation
The government made a new rule to help small businesses in places like Puerto Rico do better when working with big companies. If big companies help or teach these small businesses, they can get special brownie points which make them look good.