As competition for federal contracts increases, it is becoming increasingly common for federal contractors to pursue contracts with various agencies and in different locations, which may result in performance of work at several different installations, including in different states. As a result, federal contractors often find themselves with a fragmented workforce - meaning they have employees that work in a variety of different physical locations. For example, a single company may have an office in Honolulu and one in Florida, both of which employ the company's back office staff. This same company may also have staff that work remotely or on various government installations in both locations as well as in other states.
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8(a) Certification: Should You Be Concerned If You Derive More than 70 Percent Of Your Revenue From a Single Source?
For companies just entering the Federal GovCon market, the vast amount of information you are sure to receive from various sources can be overwhelming. You will find that everyone has an opinion or “advice” as to what you should/should not do, so you must be very careful in terms of what pieces of advice you choose to follow. We have seen companies miss out on opportunities or waste time pursuing a futile course of action all because they were following bad advice.
Here are the five steps you need to take to apply for the HUBZone program.
The Historically Underutilized Business Zone or HUBZone program was created in 1997 to encourage economic development in HUBZones, which are areas that typically have low median household incomes and/or high unemployment.
In order to participate in the HUBZone program and take advantage of the program benefits (please visit our blog here to read about the program benefits), a company needs to meet a number of eligibility criteria, including: