These are metropolitan and rural areas in the U.S. where income, poverty rates, and unemployment levels have remained disproportionately low. So, to drive business activity and stimulate the economy of those regions, the federal government now supplies small businesses operating in HUBZones with special advantages to help them succeed—including access to 3% of the contracting opportunities they allocate every year.
That means billions of dollars in exclusive government awarded work opportunities, and they’re only available to certified HUBZone businesses.
For Reference: In 2018 the federal government set aside $560 billion for annual contract spending. Nearly $10 billion of those funds were reserved to support HUBZone small businesses, and an even larger budget is expected to be approved in 2020.
However, after the results of the 2010 U.S. census, 37% of registered HUBZone businesses were disqualified to receive federal benefits. Now, there still aren’t enough HUBZone certified businesses to claim all the lucrative opportunities reserved for them, with more than $2.3 billion of HUBZone federal contracting funds going untouched in 2018.
But on the brightside, this means that all a HUBZone located business needs to guarantee their share is get certified for their federally supplied benefits.
To successfully qualify and gain certification as a HUBZone small business, an organization must meet all the following criteria:
If your business is located in a HUBZone and qualified for the certification requirements, get registered today to gain the federal contracting benefits waiting for you.
To access HUBZone small business opportunities, organizations must first go through a detailed registration process with the federal government where the smallest filing error can cause a business to lose out on the federal benefits its rightfully qualified for.
The entire registration and certification processes take between roughly 35 – 50 hours of clerical labor to complete, and that’s not including the follow-up work of filing annual registration renewals, informing the government of business updates, and more.
When we get started, we’ll ask you to send over some general information and speak with you about what to expect from your business’ registration process.
Then We’ll Take Care of Everything Else
Our Certification Specialists are dedicated to your success, and experts at the meticulous art of government form-filing. We’ll stay by your side throughout the complex federal registration process, keeping you informed with frequent updates and communicating closely to ensure your business is found by the contractors you want to work with.
>After your HUBZone certification status is approved, we’ll stay by your side to take care of registration renewals and review your federal account to make sure everything is correct, compliant, and optimized for the contracting opportunities you’ll earn for as your business grows.
Small business owners in HUBZones who want to file for themselves by learning how to navigate the federal application process and registering at SBA.gov.
But don’t forget, the federal government requires a lot of detailed information before it can approve your business certification and it needs to be submitted without any mistakes.
In cases where organizations don’t complete their registration perfectly, those HUBZone small business owners will likely find themselves needing to endure the entire SBA.gov certification process over again and under even harsher filing guidelines. Furthermore, if HUBZone small businesses do manage to gain registration status despite some minor inaccuracies when filing, that misrepresentative information can hurt an organization’s ability to win future set-aside and open-bid contracts.