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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