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Day: May 24, 2023

What are HUBZone examples?

Posted on by Joe Klein

HUBZones offer more than just geographic benefits; they are dynamic economic zones that foster growth and development. These zones extend beyond mere locations, encompassing diverse areas such as Fort Polk, LA; Baltimore, MD; Puerto Rico; Alaska; Duncan, OK; and Leesburg, Virginia. Each of these regions presents unique opportunities for businesses to thrive and contribute to their local economies. By understanding the expansive nature of HUBZones, entrepreneurs can strategically position themselves to leverage the advantages available in these vibrant economic zones.

 

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HUBZone Eligibility Tool

 

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How long is HUBZone certification?

Posted on by Joe Klein

Once your business is certified as eligible for the HUBZone program by the Small Business Administration (SBA), it will receive a one-year certification. This certification allows your business to be recognized as a certified HUBZone small business concern, making it eligible to participate in HUBZone contracts for which it qualifies as a small business. The one-year certification period begins from the date of your initial certification or recertification.

During this one-year period, your business can take advantage of HUBZone contracts and opportunities. However, it’s important to note that certain circumstances can impact your certification status. If your business acquires another firm, is acquired by another firm, or merges with another firm within the one-year certification period, your HUBZone certification may be affected.

Additionally, if your business is performing a HUBZone contract, it must make efforts to maintain the minimum employee HUBZone residency requirement. Failure to do so may result in the loss of your certification benefits. It is essential to adhere to the guidelines outlined in § 126.103 to ensure compliance and continuity of your HUBZone certification.

By understanding and complying with these requirements, your business can maximize the benefits of HUBZone certification and access a wide range of contracting opportunities in historically underutilized business zones.

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HUBZone Eligibility Tool

 

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What are the benefits of being HUBZone certified?

Posted on by Joe Klein

By becoming a part of the HUBZone program, your business gains the opportunity to compete for set-aside contracts exclusively reserved for HUBZone-certified businesses. This opens doors to a broader range of federal contracting opportunities within historically underutilized business zones (HUBZones).

In addition to increased access to contracting opportunities, HUBZone-certified businesses receive a significant advantage in full and open contract competitions. They are granted a 10% price evaluation preference, which enhances their competitiveness and increases the likelihood of securing contracts. This preference can make a substantial difference when vying for contracts against non-HUBZone businesses.

The 10% price evaluation preference serves as a powerful incentive for federal agencies to award contracts to HUBZone-certified businesses. It reflects the government’s commitment to supporting economic growth and development in these historically underutilized areas. This preference not only helps HUBZone businesses thrive but also contributes to the overall socio-economic progress of the communities they operate in.

By leveraging the benefits of HUBZone certification, your business gains a strategic advantage in the federal contracting arena. It increases your chances of winning contracts, boosting your revenue and fostering sustainable growth. Moreover, participation in the program demonstrates your commitment to empowering disadvantaged communities and promoting economic opportunity.

It is important to note that HUBZone certification requires meeting specific eligibility criteria and maintaining compliance with program requirements. However, the rewards can be substantial, offering a pathway to expanded business opportunities and a competitive edge in the federal marketplace.

 

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HUBZone Eligibility Tool

 

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What is a HUBZone certified business?

Posted on by Joe Klein

The HUBZone program certifies businesses in historically underutilized business zones (HUBZones) for preferential access to federal contracts, aligning with the government’s goal to allocate 3 percent of federal contracting dollars to HUBZone-certified small businesses annually. Benefits of HUBZone certification include the ability to bid on contracts reserved for HUBZone businesses and a 10 percent price evaluation preference in full and open competition procurements. To qualify, a business must meet SBA size standards, have majority ownership by U.S. citizens or specific organizations, maintain a principal office in a HUBZone, and employ at least 35 percent of its workforce from HUBZone residents. Detailed qualification criteria can be found in Title 13 Part 126 Subpart B of the Code of Federal Regulations (CFR).

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How long does SDVOSB last?

Posted on by Joe Klein

The SDVOSB certification is similar to the VOSB certification, except for the requirement of providing proof of VA disability rating. The SDVOSB certification is valid for 3 years from the date of issuance and requires a renewal process to maintain eligibility. Ez8a’s program analysts offer comprehensive assistance in the renewal process, including generating and reviewing necessary documents and updating the VA’s VetBiz website. Renewal involves updating owner information and signing a new VA Form 0877. It is crucial to allow ample time for renewal processing to avoid certification expiration. The renewal process closely resembles the initial application, with extensive documentation required to validate personal and business eligibility. Ez8a’s expertise ensures the best chance of success by aligning documents with VA standards and providing assistance in responding to VA inquiries.

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VOSB Eligibility Questionnaire

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What percentage of small business owners are veterans?

Posted on by Joe Klein

Veteran-owned businesses made up about 5.9% (337,934) of all businesses, with an estimated $947.7 billion in receipts, approximately 3.9 million employees, and about $177.7 billion in annual payroll. Check below if you qualify for a VOSB (Veteran Owned Small Business) Certification!

VOSB Eligibility Questionnaire

 

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How do companies verify veteran status?

Posted on by Joe Klein

To verify military service, utilize the Defense Manpower Data Center’s (DMDC) Military Verification service. By providing the individual’s Social Security Number and other relevant personal information, the system will indicate if the person is currently serving in the military. The service is accessible online 24/7, and upon completion of the check, a signed printable letter with the Department of Defense seal will be generated, indicating either the absence of information or the individual’s military status.

Check your VOSB eligibility by clicking the button below

 

VOSB Eligibility Questionnaire

Do you know your SAM Registration status?

Companies must have an ACTIVE registration in SAM.gov in order to continue eligibility with SBA. Use the tool by clicking below to check your status.

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How much of a company has to be veteran-owned?

Posted on by Joe Klein

According to 13 C.F.R. § 125.11’s Subpart B, the regulations state that the term “Service-Disabled Veteran” is equally applicable to Veterans for determining eligibility. For a business to meet the requirement, it must be at least 51 percent owned directly by one or more Veterans.

You can use the tool by clicking below to see if you qualify as a VOSB

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Do you know your SAM Registration status?

A requirement to obtain any sort of small business certification is to have an ACTIVE registration in SAM.gov. Use the tool by clicking the button below to see when your registration is set to expire.

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What is the Sdvosb certification?

Posted on by Joe Klein

The definitions of “veteran” and “service-disabled veteran” can be found in the United States Code, specifically 38 U.S.C. 101(2) and (16), as established by the Department of Veterans Affairs. According to these definitions, a “veteran” refers to an individual who served in the active military, naval, or air service and received a discharge or release under conditions that are not dishonorable. On the other hand, “service-connected” indicates that a disability or death was incurred or aggravated in the line of duty during active military, naval, or air service. It is presumed that injuries or diseases acquired during military service were incurred in the line of duty, unless they resulted from the veteran’s own misconduct or abuse of alcohol or drugs, or were obtained while absent without permission or while under confinement by military or civilian authorities for serious crimes.

 

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What are the benefits of being a veteran owned small business?

Posted on by Joe Klein

By registering as a VOSB (Veteran-Owned Small Business) or SDVOSB (Service-Disabled Veteran-Owned Small Business), you gain the opportunity to do business with the VA. Additionally, you receive priority when bidding on contracts for other federal or state government agencies, along with tax relief and improved access to capital. If your startup or small business shows potential for high growth and innovation, you can expect extra support. The VA provides assistance in finding procurements, contract awards, and acquisition resources. You can access resources, education, and training to learn how to do business with the VA. Furthermore, the VA helps you build business partnerships and connect with key decision-makers in government and large private-sector firms. Throughout your entrepreneurial journey, the VA offers resources to guide you every step of the way.

Check to see if your business qualifies as a VOSB or SDVOSB below

VOSB Eligibility Questionnaire

Do you know your SAM Registration status?

One of the requirements for a small business certification of any kind is to have an ACTIVE registration with SAM. Use the too to check the status of your registration by clicking below.

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