Bass, Berry & Sims attorney Todd Overman discussed the success of the Small Business Administration’s (SBA) expanded mentor protege program one year post launch. Until October 2016, the mentor-protégé program was only available to just one category of disadvantaged businesses. But last year, the SBA expanded the program so all small businesses could participate and partner with larger government contractors in bidding for work.
“The first year has been a real success story for the SBA,” Todd said. “It’s been a long-awaited program.” Todd further commended the SBA saying “The program’s leaders should be commended for keeping application wait times short; for getting the application and approval system entirely online; for working with companies on their applications to help improve their chances; and for raising awareness about the program.”
The full article, “Mentor Program Spawns 300 Partnerships in First Year, SBA Says,” was posted by Bloomberg BNA on October 10, 2017, and is available online (subscription required).