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HUBZone Certification is Opening Doors to Federal Contracting Dollars for the Small Businesses
Among the many different financial support programs organized by the Federal Government, SBA HubZone is one of the most coveted one.
As per the norms of SBA Hubzone program, 3% of federal contracts are reserved for the businesses owning HubZone Certification. This is offering a twofold benefit to the small companies who are employing people from the HubZone areas. First, it creates an employment opportunity for people in the underprivileged areas, secondly this program is becoming instrumental to bring those businesses into economy mainstream. Certainly it's a noble attempt on the federal government's part as it would reinforce the local economy to a large extent.
The program of Hubzone Certification was launched in 1998 by the US Congress, following the HubZone Empowerment Act. According to this, if you are a holder of HUBZone Certification, you can get a 10% pricing advantage over its competition bidding on the same government contract. As a result, when the federal contracting officers are purchasing off GSA Advantage, often a HUBZone reseller becomes less expensive than the manufacturer because of this 10% price preference. Statistics reveal that the HUBZone firms with GSA Schedules sell 350% more in terms of dollar volume than their small business peers. The best part is that the Certificate does not come with any expiry date. You will be fortunate with lifelong federal contracts once you have a HubZone Certification.
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 information visit https://www.governmentmarketing.com/