The Small Business Administration (SBA) started accepting applications for the new All Small Mentor-Protégé Program (ASMPP) in October 2016, but SBA has seen a surge in applications in the first six months of 2017.
Under the ASMPP, any small business – including Historically Underutilized Business Zone (or HUBZone) small businesses, 8(a) small businesses, veteran-owned and service-disabled veteran-owned small businesses (VOSBs/SDVOSBs), woman-owned and economically disadvantaged woman-owned small businesses (WOSBs/EDWOSBs) – may enter into an agreement with a large business under which the large business will provide mentorship and assistance. In return, the large and small businesses are permitted to joint venture to perform federal small business set-aside contracts.
As a mid-year report, here are some fast figures about the ASMPP that both large and small businesses need to know:
|229||SBA reports that, as of June 27, 2017, it has approved 229 different ASMPP agreements.|
|3900||SBA reports that, as of June 27, 2017, there have been more than 3,900 views of SBA’s online ASMPP tutorial.|
|9||SBA reports that, as of June 27, 2017, 9 8(a) Mentor-Protégé Program participants transferred to the new ASMPP.|
|11||SBA reports that at least 11 of the 229 SBA-approved ASMPP agreements were approved under the protégé’s secondary – rather than primary – North American Industry Classification System (or NAICS) code.|
|28||SBA reports that, as of June 27, 2017, 28 ASMPP applications were declined by SBA. SBA also reports that at least 28 of the ASMPP participants are 8(a) firms.|
|35||SBA reports that at least 35 of the ASMPP participants are SDVOSBs.|
|17||SBA reports that at least 17 of the ASMPP participants are HUBZone companies.|
|6||SBA reports that at least 6 of the ASMPP participants are EDWOSBs.|
|9||SBA reports that at least 9 of the ASMPP participants are WOSBs.|
|27||SBA reports that ASMPP participants are based or incorporated in 27 different U.S. states/territories/districts.|
If you have any questions about the ASMPP, please feel free to contact Aron Beezley or Frederic Smith.