Search Results for keywords:"mentor-protégé program"

The U.S. Small Business Administration (SBA) is making corrections to the regulations published on October 16, 2020, regarding the merger of two mentor-protégé programs. These changes address mistakes and clarify rules related to joint ventures, especially concerning eligibility and compliance with the SBA's 8(a) contracting program. The corrections ensure that joint ventures meet necessary requirements and clarify evaluation criteria for government contracts involving small businesses. These amendments aim to streamline processes and remove inconsistencies in the existing regulations.

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.