Understanding the Importance of HUBZone Recertification: Why It Matters for Your Business
The United States Small Business Administration or SBA established HUBZone program to promote economic development in historically underutilized business zones. It provides federal government contracting opportunities to the small businesses located in these areas. The program offers various benefits, including set-aside government contracts, price preferences, and sole-source awards, to eligible small businesses. However, maintaining eligibility requires continued compliance with the program requirements. This is where HUBZone recertification comes into play. HUBZone recertification is the process by which a HUBZone-certified small business must demonstrate continued compliance with program requirements to maintain their eligibility. The recertification process typically occurs in every three years and failure to do that can result in loss of your business’s HUBZone status and the associated benefits. Therefore, it is essential for HUBZone small businesses to understand the importan