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.
3,900 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.
