Hubzone Certification | Hubzone Grants

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 impo...

  Hubzone certification  has been introduced in order to help the small business owners gain access to federal government contracts. To take advantage of this contract, the small business owners need to possess the 8a or 8m certification. This is managed and administered by the SBA or Small Business Administration. Benefits of possessing hubzone certification   Some of the advantages of possessing a  hubzone certification  are as follows: ·           Access to loans:  A business person registered under SBA program gets to enjoy additional bonding and loan programs accessibility. ·           Cost advantage : The major advantage of a  hubzone certification  is that the small business owners get some preferential treatment while placing bids for the federal government contracts. The HubZone registered firm enjoys 10% cost advantage on federal contracts...