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Friday, February 3, 2023

Applications Being Accepted for Treasury’s Mentor-Protégé Program

Firms interested in becoming a mentor firm may apply in writing to the Department of the Treasury OSBDU.

The US Department of Treasury is accepting Mentor and Protégé applications through the end of July 2022.

Success Partnerships is designed to motivate and encourage firms to assist small businesses (SB), including HUBZone small businesses (HUBZone), small disadvantaged businesses (SDB), women-owned small businesses (WOSB), economically disadvantaged women-owned small businesses (EDWOSB), veteran-owned small businesses (VOSB), and service disabled veteran-owned small businesses (SDVOSB). The program is also designed to improve the performance of Department of the Treasury contracts and subcontracts, foster the establishment of long-term business relationships between these entities and Treasury prime contractors, and increase the overall number of these entities that receive Treasury contract and subcontract awards.

Benefits to the Department of the Treasury include, but are not limited to: acquiring an expanded base of qualified small businesses; obtaining more competitive pricing on procurement opportunities resulting in cost savings; and achieving a potential increase in small business program goal accomplishments.

In order to be eligible as a protégé in the program, the firm must be:

  1. A SB, WOSB, EDWOSB, SDB,  HUBZone, VOSB, or SDVOSB as described under the definitions section of this program.
  2. Small in the NAICS code for the services or supplies to be provided by the protégé under its subcontract to the mentor; and
  3. Eligible for receipt of government contracts.

Except for SDB or HUBZone firms, a protégé firm may self-certify to a mentor firm that it meets the requirements listed above. The mentor may rely in good faith on written representations by potential protégés that they meet the specified eligibility requirements.

Protégés may not have multiple mentors. Protégés participating in mentor-protégé programs in addition to the Treasury program should maintain a system for preparing separate reports of mentoring activity for each agency’s program.

Mentor firms will be solely responsible for selecting protégé firms. Firms interested in becoming a mentor firm may apply in writing to the Department of the Treasury OSBDU. The application will be evaluated based upon the description of the nature and extent of technical and managerial support proposed as well as the extent of financial assistance in the form of equity investment, loans, joint-venture support, and traditional subcontracting support proposed.

Read more at the Treasury Department

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