What’s New?

Federal Spending

Small businesses generate nearly two out of three new jobs in our economy, FY 15 the federal government awarded its highest percentage of contracting dollars to small businesses in the history of the United States, totaling more than $90 billion. Those resources supported more than half a million jobs in communities across this country.  When these federal dollars churn in local communities, they create a multiplier effect that strengthens the local tax base and leads to better government services and better schools.

 

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SBA Launches New Website for America’s Small Businesses and Entrepreneurs

SBA has launched certify.sba.gov, a new website to further streamline and improve the application processes for small businesses and entrepreneurs seeking to do business with the federal government.

 

All Small Mentor-Protégé Program

This new program was established to develop strong protégé firms through mentor-provided business development assistance, and to help protégés successfully compete for government contracts. The SBA will begin accepting applications for this program on October 1, 2016.

The Small Business Jobs Act of 2010 and the National Defense Authorization Act for Fiscal Year 2013 provided authority for the Small Business Administration to establish mentor-protégé programs for all small businesses. Rather than creating separate programs for each constituency – Service Disabled Veteran Owned Businesses, Women Owned Small Businesses, Historically Underutilized Business Zones – the SBA chose to create a single, all-inclusive mentor-protégé program modeled on the successful mentor-protégé program available to participants in its 8(a) program.

The purpose of the new program is to develop strong protégé firms through mentor-provided business development assistance, and to help protégés successfully compete for government contracts. Mentor-provided assistance can be sought for any, or all of the following activities:

  • Management and Technical Assistance
    Internal business management systems; accounting processes; marketing and business/strategic planning assistance; technology transfers; and manufacturing assistance.
  • Financial Assistance
    In the form of equity investments and/or loans; and bonding.
  • Contracting Assistance
    Contracting processes; capabilities; acquisitions; and performance.
  • Trade Education
    International Trade business and strategic planning; finding markets; and learning how to export.
  • Business Development Assistance
    Strategy; and identifying contracting and partnership opportunities.
  • General and/or Administrative Assistance
    Business processes and support; human resource sharing; security clearance support; and capacity building.