In continuation to the post on Wednesday.
The HUBZone area is defined as a “Historically Underutilized Business Zone”. It is designed to promote employment growth and economic development in certain areas that are considered “distressed” areas. Companies in these areas have access to more federal contracting opportunities. Certification is required. Once certified, small business firms will have opportunities to participate in contracts that are limited to only HUBZone firms.
A “service-disabled veteran-owned business” is defined as a business that is owned by at least 51 percent by a service disabled veteran or veterans. The Veterans Administration WILL confirm the disability. There is a 3% goal of prime contract awards available to service-disabled veterans. Contracts are set aside waiting for application approval.
Additionally, there are many programs available from the Veteran’s Administration to small businesses, that are veteran-owned companies. These programs will provide assistance, counsel, aid and support. The Office of Small and Disadvantaged Business Utilization (OSDBU) is at the disposal of veterans. They provide service to veteran women owned businesses, small veteran owned businesses, disabled veteran owned businesses, and disadvantaged veteran owned businesses. It is very important that all veteran owned businesses identify themselves properly so that they will be able to take full advantage of the services available to them.
