Seize New Opportunities to Increase Revenues
Under President Obama, the government is finalizing the largest spending program in the nation’s history (estimated at 1 trillion dollars). The economic stimulus package specifically targets infrastructure improvement, schools, energy, environment, health care, construction and many other business opportunities.
Is your business qualified to obtain small business certification from government? Is your firm interested in doing business with the government?
-Take our SMB test!
In general, to be eligible for the small business program (State/Local/Federal), persons must own 51% or more of a “small business”, established that they are disadvantaged within the meaning for government/agency guidelines:
§ Is your business 51% owned and operated by socially and economically disadvantaged individual (s)?
§ Is your annual receipt less than $12M?If your revenues are higher than 12M are you classified as small business based on size of your employees.*
§ Is your personal net worth less than $250,000
§ Is your business tied up to another firm in such a way as to compromise its independence and control
§ Does the disadvantaged owner have overall understanding and competence in the type of business in which the firm is engaged?
§ Are you ready to do business with the world’s largest customer?
** "Disadvantaged" - You may be eligible if you are a member of a group of persons the Department considers as disadvantaged. The Department presumes certain groups are disadvantaged, including women, Black Americans, Hispanic Americans, Native Americans, Asian-Pacific Americans, Subcontinent Asian-Pacific Americans, or other minorities found to be disadvantaged by the U.S. Small Business Administration (SBA). Persons who are not members of one of the above groups and own and control their business may also be eligible if they establish their "social" and "economic" disadvantage. The Department notes, for example, that people with disabilities have disproportionately low incomes and high rates of unemployment, and that many may be socially and economically disadvantaged. A determination of whether an individual with a disability meets DBE eligibility criteria is made on a case-by-case basis.
IF YOU ANSWER YES TO ALL QUESTIONS NOTED ABOVE THEN YOU ARE ELIGIBLE TO APPLY FOR STATE/LOCAL/FEDERAL SMALL BUSINESS CERTIFICATION AND DO BUSINESS WITH THE GOVERNMENT!
Our team of small business certification experts will assist in small business certification process.
