Sec. 5. Contracting incentives for protege firms that are United States Virgin Islands businesses
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Section 45(a) of the Small Business Act ( 15 U.S.C. 657r(a) ) is amended by adding at the end the following new paragraph: During the period beginning on the date of enactment of this paragraph and ending on the date that is 3 years after such date of enactment, the Administrator shall identify potential incentives to a covered mentor that awards a subcontract to its covered protege, including— positive consideration in any past performance evaluation of the covered mentor; the application of costs incurred for providing training to such covered protege to the subcontracting plan (as required under paragraph
(4)or
(5)of section 8(d)) of the covered mentor; and such other incentives as the Administrator determines appropriate. . Section 45(d) of the Small Business Act ( 15 U.S.C. 657r(d) ) is amended by adding at the end the following new paragraphs: The term covered mentor means a mentor that enters into an agreement under this Act, or under any mentor-protege program approved under subsection (b)(1), with a covered protege. The term covered protege means a protege of a covered mentor that is a United States Virgin Islands business. .
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Sec. 5
Contracting incentives for protege firms that are United States Virgin Islands businesses
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