Get HubZone Certification to Grow Your Revenue

Have you started a business? Do you know your business can reach higher goals if you are in possession of a hubzone certification? A hubzone certification can help you increase your business revenue.



Eligibility criteria for a Hubzone certification

a. At least 51% of the owners of the firm need to be the US citizen

b. At least 35% of the total number of employees needs to be live within a Hubzone

c. The head office of the firm needs to be within the Hubzone location

d. The firm, must be declared  as small business ownership by the SBA. Accordingly you will get NAICS code.

The Parameters of Submission

Once you apply for the 8a certification, the SBA office will follow up your application within 90 days from the date of application. Then you will be asked to follow up the given information, regarding the ownership of the firm, how it is owned, a map that shows the location of your head office, utility and tax bills to shoe that the firm is really in hubzone locality. You may also need the drivers' license showing the residential location of your employees- this is required to know the primary residences of your employees. So, you need to make sure that you are ready with all these documents before you apply for a hubzone certification.

Why Firms are Moving to HubZone Location

Several considerations come into play when a firm decides to move to a hubzone location. You need a CCR registration, which is the electronic platform for acquiring this certificate. If any discrepancy is noticeable  during the CCR registration, all the  information and application your proposal might get rejected. Your D&B information also is directly linked with CCR Registration. So, you need to give accurate information regarding this.


Benefits of   Having HubZone Certification

Hubzone certification can offer multifarious benefits to any business.  Some of them are discussed here.

a. Large organizations place their bids on federal contracts and they need to show that they are including companies registered under hubzone. The valuation of the contracts is higher than $550,000.

b. 10% of the pricing is preferred on federal government contracts.

c. Hubzone firms are likely to receive additional construction bonding from the SBA and can access a host of special benefits.

Conclusion

You need to take help of a professional hubzone grants company, so that you will not face any hassle in the application approval. Find a reliable 8a consultancy firm in your locality and take their help in each step of the application. The consultant will guide you in acquiring all the necessary documents and make sure that your application is devoid of any loopholes. Once you get professional help, the application procedure would become easy.

 

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