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The State of Texas has approved the Historically Underutilized Business (HUB) certification for Fulton Jeang PLLC. The HUB certification provides benefits designed to promote economic inclusion for minority-owned, woman-owned, and service-disabled veteran-owned businesses. Here are some key benefits of obtaining HUB certification:
1. Increased Visibility and Opportunities
Access to State Contracts: HUB-certified businesses are listed in the Texas Comptroller's HUB Directory, which state agencies and institutions of higher education use to find vendors. This increases your visibility to government entities looking to fulfill their HUB participation goals.
State Agency Goals: Texas state agencies are required to make a good faith effort to award a certain percentage of contracts to HUB-certified businesses, creating more opportunities for these businesses to secure contracts.
2. Networking and Business Development
Mentor-Protégé Program: The state of Texas offers a Mentor-Protégé Program that pairs HUB-certified businesses with larger, more experienced companies to help them grow through mentorship, training, and advice.
Networking Events: Certified businesses can participate in various networking events, expos, and forums organized by state agencies and other entities, providing opportunities to connect with potential clients and partners.
3. Subcontracting Opportunities
Prime Contractors: Many large companies that win state contracts are required to subcontract a portion of the work to HUB-certified businesses. This creates opportunities for smaller businesses to work as subcontractors and gain experience on large projects.
Partnerships and Collaborations: HUB certification can make your business more attractive to other companies looking to form joint ventures or partnerships to meet state requirements.
4. Marketing and Promotion
HUB Directory Listing: Your business will be included in the online HUB Directory, which is used by state agencies, prime contractors, and others looking for certified businesses to work with.
Recognition: Being a certified HUB business can be used in marketing materials to attract customers who prioritize working with minority-owned or woman-owned businesses.
5. Training and Resources
Educational Workshops: The Texas Comptroller's office and other organizations offer training workshops and resources specifically for HUB-certified businesses, helping them understand how to navigate state contracting processes, prepare proposals, and manage contracts.
6. Economic Inclusion
Community Impact: By becoming a certified HUB, your business can contribute to economic development and diversity within your community, promoting broader economic inclusion for underrepresented groups.
Fulton Jeang PLLC has already received the National Women's Business Enterprise (WBE) certification and the Woman Owned Small Business (WOSB) certification from Women's Business Enterprise National Council (WBENC).
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