The U.S. Senate is urging small businesses and entrepreneurs to participate in the Small Business Teaming Pilot Program, which was created under the Small Business Jobs Act of 2010.

As part of the program, the U.S. Small Business Administration plans to award $5 million in grant funding to aid small businesses in competing for large contracts, the website Government Executive reported. The SBA announced that it is accepting applications from qualifying organizations that have an interest in offering assistant and resources to small businesses.

"Too often small businesses are shut out of federal contracting process," said Senator Mary L. Landrieu, chair of the U.S. Senate Committee on Small Business and Entrepreneurship. "The Teaming Pilot program will create another lifeline for small business owners by giving them an avenue to seek guidance and receive answers to business development questions."

The new program will aid businesses competing for contracts while demonstrating the government's support for small businesses and entrepreneurs, Landrieu said.

---

This article is brought to you by Vcorp Services – offering registered agent services to businesses nationwide. Providing a physical address to accept service of process on behalf of your corporation, Vcorp’s registered agents can handle all of your company’s statutory representation needs.

Vcorp Services assists in the creation of new businesses and helps maintain existing businesses in all 50 states. Quick, accurate and at the lowest rates, Vcorp's knowledgeable and experienced staff has helped form thousands of new businesses including: LLCs, S-Corporations, C-Corporations, Partnerships, Non-Profits and Professional Corporations. Vcorp works with entrepreneurs, legal and tax professionals, as well as real estate experts to set up and maintain businesses across the country. Vcorp also specializes in helping small businesses to get started, grow and remain in compliance with federal and state regulations.