As many of you already know, back in February 2015, the SBA issued its long-awaited proposed rule aimed at expanding its mentor-protégé program.  The proposed regulations implement changes introduced by the Jobs Act of 2010 and the National Defense Authorization Act of 2013, and would permit firms, other than those that are 8(a) Certified, to participate in the mentor-protégé program.  Moreover, if the proposed rule becomes final, all of the companies participating in the revamped program will be able to take advantage of the exclusion from affiliation.  While this was great news for many at the time, it has been almost nine months since this rule was issued and there has been no sign of any further action by the SBA.  Many of our clients have been asking when the SBA is actually going to put these changes into effect.  Well, it seems like we might finally have an answer. 
Continue Reading The SBA Offers Some Specifics on the Expansion of the Mentor-Protégé Program