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Could You Be Leaving Money on the Table? Business Certifications Made Easy!

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SBACould You Be Leaving Money on the Table?

Business Certifications Made Easy!

By Thomas R. Reich

Minority Business Certifications come in several types and some are easiergetting MBE certified to qualify for than others.  In today’s competitive world, could you be leaving money on the table?  Felix Zapata, an expert in the field of minority and disadvantaged business certifications.  Felix told us “many government “set-asides” or contracts reserved for Certified businesses go unclaimed because businesses do not know they are qualified to apply”

Some of the Minority Business Certifications that are available are:

MBE certified(MBE) Minority Business Enterprises A minority –owned business is a for-profit enterprise, regardless of size, physically located in the United States of its territories, which is owned, operated and controlled by minority group members.  A minority is generally defined as an individual who is African American, Hispanic American, Asian American, or Native American and is elligable for Minority Business Certifications.

Certification for Women owned and controlled businessesWBE Certified

(WBE) Women Business Enterprises Business Certifications signifies that a business is owned by a woman or group of women.  Government

agencies and corporate procurement offices require third-party verification that a business is owned by a woman or group of women in their fulfillment of “set-asides”and diversity programs.  WEB minority business certifications are available to businesses possessing 51% ownership by a woman or group of women.

sba(8 (a) Certification These Business Certifications are the only one provided by the Federal Government, and is the hardest to qualify for.  Only applicants who are members of socially disadvantaged groups and are economically disadvantaged can be considered for approval to this Minority Business Certification program.  Many 8(a) applicants become ineligible for 8 (a) business certifications due to the $250,000 net worth limit.  This limit is defined as a personal net worth of $250,000 or less, excluding the equity in a personal residence or the business itself.

Felix Zapata hosted this  free informational webinar on the merits and qualifications of becoming a recipient of felix ZapataMinority Business Certifications on Wednesday August 28, 2013.  He will cover the different types of minority business certifications in depth, along with the varying qualifications to apply.  Could you be leavening contracts unclaimed, low interest loans and government grants behind?  Watch the webinar Wednesday August 28, 2013 CLICK HERE Business Certifications Webinaar, could you be leaving money on the table, and are you eligible for one or more business certifications right now?

wewebinar business certifications

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    How Does Business Certification Work; A Look at HUBZone Business Certification

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    HUBZone Certifications from BizCentral USAHow Does Business Certification Work;  

    A Look at HUBZone Business Certification

     

    By Felix Zapata

    Are you a small business owner located in an economically distressed urban or rural community with high unemployment or low income levels?  Are you looking for help with federal contracting and interested in becoming certified in the U.S. Small Business Administration’s (SBA) Historically Underutilized Business Zones (HUBZone Certification) program? If so, you may be eligible for the program if you can answer yes to the following questions.  Ask yourself:

    • Am I a small business according to SBA’s size standards?
    • Is my business 51 percent owned and controlled by a U.S. citizen?
    • Is my principal office located in a HUBZone Certification designated area?
    • Do at least 35 percent of my employees reside in a HUBZone Certification designated area?

    HUBZone Certification Program – What is it? The HUBZone Certification program — enacted in 1997 – helps small businesses located in HUBZones get contract help, thus promoting job growth, capital investment and HUBZone Certification from BizCentral USAeconomic development in economically depressed areas, in both rural and urban communities, and on Indian reservations.  The federal government has a goal of awarding 3 percent of its contracts each year (measured in dollars) to eligible HUBZone certification small businesses.  In FY 2010, the federal government awarded $11.97 billion to HUBZone Certification firms. Small businesses certified in the HUBZone Certification program are eligible for three types of contracts including:

    • set-aside contracts (only HUBZone Certification businesses submit offers)
    • sole-source contracts (for some contracts with an anticipated award price between $3.5 million and $5.5 million, the government can give a contract to a HUBZone Certification after soliciting and negotiating with just that one single company, depending on what business sector the company operates in.
    • full and open competitive contracts (HUBZone Certification companies compete with other bidders, but get a 10 percent price preference).

    HUBZone Certification from BizCentral USAHow do I Know If My Business is in a HUBZone Certification Designated Area? HUBZones are located across the U.S. and its territories.  These areas are largely based on unemployment and income data.   These areas include:

    • qualified census tracts determined by the Department of Housing Urban Development (HUD)
    • qualified non-metropolitan counties
    • difficult development areas
    • qualified Indian reservations
    • former military bases closed by the Base Realignment and Closure Act (BRAC)

    To see if your area is a designated HUBZone Certification and to apply for the program, visit www.sba.gov/hubzone. What’s New with the HUBZone Certification Program?HUBZone Certification from BizCentral USA On September 1, 2011, the SBA informed HUBZone companies by e-mail of the expiration of some re-designated areas on Oct. 1, 2011, the date the Census Bureau publicly released the first results of its 2010 decennial census.  Re-designated areas are HUBZones that lost their HUBZone Certification eligibility before October 1, 2008, generally because of changes in their unemployment and/or income status, but were temporarily re designated as HUBZones Certification until Oct. 1, 2011. Since some of the re-designated areas will no longer be HUBZones, the SBA encourages small businesses located in these areas to go to the HUBZone Certification locator on its Web site to determine whether they are located in one of these expiring areas. In October 2011, the SBA sent out letters proposing desertification for HUBZone Certification businesses located in expiring re-designated areas.  Small businesses also have the option of submitting a voluntary desertification agreement.   HUBZone Certification firms desertification from the program must wait 90 days from the date of desertification to reapply for HUBZone certification.  Companies currently working on a HUBZone Certification contract may continue to work on the contract.

    HUBZone Certification

     

     

    Are you leaving money on the table?  Are there contracts you could be getting that you are excluded from by not getting a simple certification?  We will discuss the many ways you can be certified, based on location, minority status, sex, veteran status even business type in some cases.  You can be certified on a local, state or national level, and each level could mean more contracts!

    Benefits of Business Certifications with Felix Zapata

    Webinar Registration

    Wednesday, March 6, 2013 2:00 pm – 3:00 pm est online from BizCentral USA Key Note Speaker: Felix Zapata Join us for the rare chance to look into the world of certifications.  Discover the benefits of federal and state HUBZone Certification from BizCentral USAminority certification, and the whole gamete of certifications that can give you the edge in competition and authorize you to bid on state and federal contracts.  You will benefit greatly from the knowledge if only to enlighten you on what may be available for your company.  All it takes is the knowledge and desire to succeed; we give you the knowledge FREE in this information packed webinar! Contact Business Consultant Howard Walker for more info at Felix@Bizcentralusa.com or call him at (407) 857-9002 Register Now, even if you can’t attend we will send you a link to the recorded webinar after the event. Your Friends in the Struggle, BizCentral USA

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