Are you wondering what a HUBZone certification is?
What exactly is a HUBZone certification and/or designation? You’ve heard of many diversity inclusion certs and acronyms – including WBE/DBE/FBE/WOSB/MBE. PII has built a strong portfolio of certifications – earned throughout our 30 years in business (WBE, WOSB, EDWOSB, HUBZone, DBE). Through information sharing, we want our readers to better understand us as a company by drilling down on benefits of certification inclusion programs which help small businesses to grow and prosper. More important, we want you to know how our certifications can assist your organization – mutually growing our businesses by partnering together.
The Small Business Administration (SBA) created this important HUBZone program to encourage economic development in economically disadvantaged areas – designated as Historically Underutilized Business Zones or HUBZones. The program puts forth opportunities – enabling small businesses to participate with private sector bids or jobs and federal contracts that encourage growth of business in HUBZone area’s. In accordance with this program, the SBA determines which companies qualify as certified “small businesses” and review a company’s application for eligibility – utilizing their mapping system. Click here. HUBZone maps)
a HUBZone map
A small business can apply for certification – if they meet standards and qualifications including:
- It must be a certified small business by the SBA
- It must be owned and controlled 51% by U.S. citizens, or a Community Development Corporation, an agricultural cooperative, or an Indian tribe
- Its principal office must be located within a “HUBZone”
- At least 35% of its employees must reside in a HUBZone.
Upon approval & upholding the strictest of requirements – a small business can become certified as a HUBZone. As a qualified certified Hubzone corporation, we offer career opportunities and we give back to the compliance programs that help our team and our business grow. A HUBZone business may be entitled to award preference over a non-HUBZone company in certain instances in bid or contracting opportunities. Through this process, we give back to the community – by providing economic development and employment opportunities in our community.
This is a program that keeps the middle class alive! Without your support of small business inclusion, we don’t exist. Learn more about Progressive Industries as a HUBZone Business here.
Category: Editorials
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