SBA did not make corresponding changes to the joint venture rules for SBA’s four major socioeconomic programs–meaning that a joint venture agreement that complies with the small business set-aside rules may not be valid if the joint venture pursues 8(a), SDVOSB/VOSB, HUBZone or WOSB/EDWOSB contracts (and vice versa). In its recent final rule, effective November 16, SBA amended two of the mandatory requirements for mentor-protege joint ventures pursuing small business set-aside contracts. To learn more, visit ventures operating under the SBA’s All Small Mentor-Protege Program may need to adjust their joint venture agreements because of a little-noticed change to SBA’s joint venture rules. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start and grow their businesses. It delivers services to people through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more about the program or to sign up for training, please contact your local SBA district office.Ībout the U.S. This free training is provided by SBA through its nationwide network of resource partners and vendors. A key goal of the program is to help firms successfully compete for federal, state and local contracting opportunities as a prime contractor or subcontractor. The courses offered vary and are aligned based upon the needs of the local business community and marketplace. The program’s assistance encompasses a wide spectrum of business courses such as accounting, marketing, strategic and operational planning, financial analysis, business development, contract management, compliance and various business-related software applications. The SBA’s Office of Management and Technical Assistance is authorized by the Small Business Act to provide high-quality assistance to eligible small businesses. Over 300 businesses are expected to be in attendance.Īttendees will also get an overview of the SBA’s Mentor-Protégé program – a tool of the SBA’s business development program that encourages mentors to team with a protégé or smaller firm to help them with management and technical assistance, financial assistance and access to joint ventures and federal contracting opportunities.įor more information about the SBA’s Mentor-Protégé program, visit: and to register and learn more about the Mentor-Protégé Matchmaking Conference, visit: Ībout SBA’s Office of Management and Technical Assistance Small disadvantaged businesses and 8(a) firms interested in attending must register at. The forums will also feature a discussion of strategic alliance and joint venture opportunities, a question and answer session, and face-to-face and business matchmaking sessions. Some of the topics small businesses will learn about during these forums include: how to submit a winning joint venture proposal, how to build a strong Mentor-Protégé partnership, size and affiliation rules for joint ventures and how to market themselves to the federal government and pursue government contracting opportunities. Donna Peebles, SBA Associate Administrator for Business Development. These forums will go a long way in making sure that small businesses know how to leverage their companies and team up with viable partners to take their businesses to the next level,” said Dr. “It’s important that we make sure that more federal contracts get into the hands of small businesses that drive the nation’s economy and create jobs. The conference will give small businesses access to guidance on federal contracting, face-to-face meetings and opportunities to team with larger businesses and graduates of the SBA’s 8(a) Business Development program. Small Business Administration will host its Mentor-Protégé Conference on November 12-13 at the DoubleTree Hotel in Arlington, Va. Market research and competitive analysis.
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