Second, the SBA addressed the situation where a business that already has three. Consequently, large businesses are precluded from competing for these contracts. During the last three fiscal years, the Defense Department awarded more than 77 billion to small businesses through set-asides under programs generally managed by the Small Business Administration. It should not be a crutch that prevents small businesses from seeking and performing those larger and more complex contracts on their own. First, the SBA revised 13 C.F.R 124.105 (h) (2) (ii) to clarify that a mentor of an 8 (a) protg pursuant to an SBA-approved mentor-protg agreement can own up to 40 of the protg even if the protg is in the same line of business as the mentor. Viewpoint: Mentor-Protg Agreements: Benefits for Big and Small. Listen to Brynn McNeil, an Assurance Partner in Cherry Bekaert’s Government Contracting Industry practice and Eric Poppe, a Senior Manager in the Firm’s GovCon practice, discuss the important elements of an agreement when forming a Mentor-Protégé/Joint Venture arrangement. The mentor-protege program should be a boost to a small business’s development that enables the small business to independently perform larger and more complex contracts in the future. The small business mentor-protégé program is designed to enhance the capabilities of protégé firms by requiring approved mentors to provide business development assistance to protégé firms and to improve the protégé firms ability to successfully compete for federal contracts. Just like the longstanding and popular 8(a) mentor-protege program, the new small business mentor-protege program creates a framework under which mentor firms will provide a wide variety of potential benefits to their proteges. Mentors are encouraged to provide assistance relating to the performance of contracts set aside or reserved for small business so that protege firms may more fully develop their capabilities. (1) A protégé and mentor may joint venture. This assistance may include technical and/or management assistance financial assistance in the form of equity investments and/or loans subcontracts (either from the mentor to the protege or from the protege to the mentor) trade education and/or assistance in performing prime contracts with the Government through joint venture arrangements. The small business mentor-protégé program is designed to enhance the capabilities of protégé firms by requiring approved mentors to provide business development assistance to protégé firms and to improve the protégé firms ability to successfully compete for federal contracts. The small business mentor-protege program is designed to enhance the capabilities of protege firms by requiring approved mentors to provide business development assistance to protege firms and to improve the protege firms’ ability to successfully compete for federal contracts. If you’re not familiar with the program, here’s a brief description from the Small Business Adminstration:
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