How New SBA Regs Will Affect Mentor-Protege Ventures
February 15, 2011, 3:30 PM EST
Law360, New York (February 15, 2011, 3:30 PM EST) -- On Feb. 11, 2011, the U.S. Small Business Administration issued what has been described as the most comprehensive set of changes to its 8(a) Small Business Development program in over a decade. Although these new rules also address various aspects of 8(a) eligibility, the most significant changes are in the mentor-protege program.
The revised rules create new opportunities, but also codify limitations on subcontracting that may introduce troubling new uncertainties.
The mentor-protege program teams disadvantaged firms in the SBA’s 8(a) program with large businesses in joint...