The historically underutilized business program is designed to help or uplift the business owned by minorities, women, and persons with disabilities. However, if you are at the initial stage of the business and want to scale it further, you need hub certification. But before that, you need to get through the certification hub examination process, and if you want to make the process more hassle-free, Moore’s advisory solution would be the right choice.
They provide a lot of outreach like hub certification training and also help to coordinate hub vendor-oriented training once you are certified. They also help to create a partnership and connect vendors with opportunities and resources.
In the hub certification process, you might be getting problems understanding some popular acronyms that sometimes float around within occupation or conversation, so here is the cheat sheet for those who are unaware of these acronyms. Here is the list.
SWAC- Statewide union certification.
Hub- Historically Underutilized Business.
MWE/WBE- Minority/Women business enterprise.
DBE- Disadvantaged Business Enterprise.
SDB- Small Disadvantaged Business.
WOSB- Woman Owned Small Business.
WBENC- Women’s Business Enterprise National Council.
Hub certification is a powerful tool, especially for small business owners. Through hub certification, many businesses get benefits and a chance to make their business more visible. So what are the benefits of hub certification?
This process helps you add your business to the online directory.
• It also helps raise awareness of the company and all procurement opportunities.
• Get the latest opportunities and benefits from government agencies.
• It also helps to raise awareness of the business, especially for women-owned businesses, as these businesses are unlikely to win big deals on early stage. Therefore a complete understanding of the certification program can make your business more prominent and accessible.
You will get the opportunity to attend various training programs and seminars, as the hub offices conduct these programs to assist small business owners to make their business visible in the market, which opens the door to more opportunities.
Eligibility Requirements for the HUB Program per N.C.G.S. 143-128.4(a) and 143-48.4(a):
To qualify as a historically underutilized business, a business must be:
• At least 51% owned, controlled, and managed, by one or more citizens or lawful permanent residents of the United States, and must be:
• Members of one or more of the following groups: (1) Black, (2) Hispanic, (3) Asian American,
(4) American Indian, (5) Female, (6) Disabled, and (7) Disadvantaged.
For more information, please visit http://www.nchubcertification.com/