What is HUBZone certification? - Understand its Benefits
The HUBZone program is meant to fuel small businesses in rural and urban communities as well. The main goal is to award a minimum of three percent of contract dollars to the companies under HUBZone certification every year. The following article is meant to give you detailed information about this certification. What does it mean to Be Hubzone Certified? The word HUBZone stands for historically underutilized business zones created in the year 1998. The certification of HUBZone is an SBA program, where SBA stands for US Small Business Administration. It is a certification program on the company level. Small enterprises working under the HUBZone certification enjoy preferential access to opportunities for federal procurement. The main goal behind this program is to increase employment opportunities, create economic development in distressed areas. That is why distressed urban & rural communities having a low household income, severe unemployment is kn...