BusinessLINC - Business Learning, Information, Networking, and Collaboration - was launched to coordinate and encourage business-to-business linkages that may improve the economic competitiveness of smaller firms, including those located in economically distressed areas. The initiative's broad goal was to encourage more private sector business-to-business relationships in order to accelerate the success of business ventures.
To further this effort, the Department of the Treasury has implemented a Mentor-Protégé program, called Success Partnerships, which was implemented in three phases:
Phase I began with a Treasury/SBA partnership to use the 8(a) program and SBA's mentor-protégé program for developing 8(a) firms. For specific SBA information on how to participate in their program, please visit SBA's 8(a) mentor-protégé site. A listing of current SBA approved 8(a) mentor-protégé agreement participants can be found on SBA's website.
Phase II encouraged agreements between large or small prime contractors who act as mentors. Under phase II, all small businesses were made eligible to participate in the program.
Phase III incorporated Veteran Owned Small Businesses and Service Disabled Veteran Owned Small Businesses as well as the HUB Zone program into Treasury's Mentor-Protégé Program.
All phases of the program are now in operation.