A business certification is an official document that eligible enterprises can apply for. Applying for a certification could lead to benefits like increased recognition, limited business competition, preferential treatment, set-aside contracts, and increased revenue. In short, an SBA small business certificate encourages business growth.
Not just any company can apply for a federal small business certification. If you want to reap the above benefits, you need to qualify for one type of small business enterprise certification.
The federal government requires 5% of the annual contracts be allocated to businesses each year with a WOSB Certification. That translates to billions of dollars in exclusive work opportunities. To be eligible you must:
To qualify as an economically disadvantaged business within the women’s contracting program, your business must:
In 2003 congress passed the Veterans Benefits Act to jumpstart supplier networks across the nation, and give Veteran Owned Small Businesses (VOSBs) or Service Disabled Veterans the room they need to thrive amongst the larger corporations in their field. To be eligible you must:
Getting your business officially certified as minority-owned can open up new opportunities for federal, state, local and corporate contracts. To be eligible:
**Minority eligibility is established via a combination of screenings, interviews and site visits. Ownership, in the case of a publicly-owned business, means that at least 51% of the stock is owned by one or more minority group members.
Schedule a meeting today to acquire the federal contracting opportunities waiting for you.
HUBZone is a Small Business Administration (SBA) program designed for small businesses that operate and employ people in Historically Underutilized Business Zones (HUBZones).
Confirm that when playing out a HUBZone contract, in any event 35% of your workers keep on living in a SBA assigned HUBZone. If your Concern is possessed by an Indian Tribal Government, 35% of your workers occupied with playing out that agreement must dwell inside a SBA assigned HUBZone. You should "endeavor" to keep up the 35% necessity for the duration of the life of the agreement.
Over $71 billion in Federal Contracts are available to 8(A) Small Businesses every year.
CwS MAKES SURE YOU’RE GETTING YOUR SHARE.
The Small Business Administration (SBA) offers the 8(a) Business Development Program, commonly referred to as the 8a certification, to assist small businesses that are owned by individuals who are considered socially and economically disadvantaged, by providing them access to government contracting opportunities.
The SBA 8a application process is time-consuming, but potentially priceless. You can utilize the services of an expert team of consultants from BizCentral to lead you through the process of applying for SBA 8a certification.
DBE certification may be the thing to catapult your business to success. If you are a small business owner, you could be missing out on a lesser-known revenue stream – “set-aside” contracts. Government agencies, along with corporations that do business with the government, are mandated by law or corporate policies to spend approximately 20% of their budget with small disadvantaged companies.
To Be Eligible:
Check out our bundle with a list of available government grants to fund your business and a grant writing template.