Does not count mentor-protégé relationships terminated within 18 months of SBA approval of the mentor-protégé agreement against the protégé firm’s two-mentor lifetime limit.Provides that mentors who provide subcontracts to protégés with a principal office in Puerto Rico may (a) receive “positive consideration” for the mentor’s past performance evaluation and (b) apply costs incurred for providing training to such protégé towards the subcontracting goals in the mentor’s subcontracting plan.Provides that while a mentor cannot generally have more than three protégés at one time, “the first two mentor-protégé relationships approved by SBA between a specific mentor and a small business that has its principal office in Puerto Rico do not count against the limit of three protégés that a mentor can have at one time.”.Does not limit the size of mentor firms, and allows any business entity to act as a mentor, regardless of size, as long as that entity demonstrates both commitment and ability to assist small business concerns.Eliminates the reconsideration process for declined mentor-protégé agreements.Eliminates the 8(a) Mentor-Protégé Program.Mentor-Protégé Program Limitations and Requirements If you have questions concerning SBA’s final rule on its Mentor Protégé Programs, please register for our 90-minute webinar on October 28, 2020, at 2 PM ET, where SBA’s John Klein and PilieroMazza’s Pam Mazza and Peter Ford will examine the rule changes and its implications for your business.ġ. Below we summarize major changes in the final rule.
In developing this final rule, SBA reviewed and considered the many comments it received, and PilieroMazza believes that the final rule makes many positive changes that will simplify its procedures for small businesses, particularly 8(a) program participants.
Today, SBA issued its final rule making changes to its rules on joint ventures, the mentor protégé program, the Section 8(a) program, and much more.
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