News By Tag
News By Place
Follow on Google News
Hubzone Certification is Fuelling the Rapid growth of Federal Small Business
Following the proactive measures of the federal government to support the small business owners, the underutilized business zones are now getting huge attention.
By doing that , a small business qualified with Hubzone Certification can easily participate in the HUBZone program and bid for projects. To make this initiative a grand success, the SBA has already implemented comprehensive changes to the program including improvements in three major areas, that includes fast and hassle free decision making regarding the process of HubZone Certification, introduction of user-friendly application portal, and making provisions for early engagement. SBA District Offices and select SBA partners will also come up with the necessary assistance, so as to run the process more smoothly.
According to the rules and regulations laid by the current updates in Hubzone Certification, firms must now recertify annually, and once certified, will be eligible for all HUBZone contracts as per their respective capability for a period of one year. Full documentation reviews for Hubzone Certification will be required every three years.
A firm qualified by the certification will be classified as HUBZone small business throughout the life of that contract, and according to that contract, a firm must maintain 35% employment of HUBZone residents.
The benefits of the Hubzone Program is quite noticeable as the certification itself limits your competition and at the same time offers you certain contracts to your business which were almost not available to the underutilized business zones. The idea is to financially bolster those areas and bring them into economy mainstream.
About Government Marketing
Government Marketing Inc. has been helping small businesses, since 2009 to utilize their SBA Certifications and the GSA to its' full potential. Business partners Mark Ryan and Todd Luttenegger are the brains behind this organization, who walk an extra mile to get the disadvantaged entrepreneur to get the financial foothold.
For more info visit https://www.governmentmarketing.com/