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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