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Mariana: This is Mariana Pardon from the Zone program. Today is Part 1 of two webinars thawed×39’re conducting. The second one would be on December 17th and deals more with the contracting part of it. Without further to do, let×39’s look what were are going to be talking about today. We×39’re going to be discussing and understanding little better the Zone areas, the criteria for designation of these areas. We are also going to learn how to use the maps to locate difficult addresses. Furthermore, we are also going to cover the Zone program requirements. Most importantly, the best practices not only for obtaining the certification but also for maintaining it. We are going to dedicate some time at the end for questions and answers. The Zone program is an acronym. It stands for Historically Underutilized Business Zone. These areas are typically areas of low median household income. The program is designed to help economically distressed areas. We×39;reanalyzed these economically distressed areas. The importance of understanding the intent of the program is because it helps the firms to understand the purpose of the regulation sand understanding the regulations helps the firm maintain eligibility. At any given time, there are about 5,000 small businesses certified as Zone firms. The reason why this is important is that obviously receiving the Zone certification significantly decreases the pool of competition. We see, if I have a firm that I have been successful in obtaining contracts through the Federal government, obtaining this certification ingoing to lessen that pool of competition and place me in a better competitive advantage. Now, maintaining this particular certification demands a lot of management, and that×39’why we're doing today. We're going to understanding a little deeper so that you can manage the certification. This certification does not expire. A company can maintain certifications long as they meet all the requirements. The companies do undergo a three-year recertification, but so long as they maintain the criteria, the program will keep them in a certified concern. The purpose of the program is to provide vehicle for federal contracting. As I mentioned, the firms that obtained these certifications are able to bid on contracts that are set aside for HUBZone-certified firms. The purpose of the program was to increase, and it's still to increase the employment opportunities of individuals that are residing in Zones, to stimulate capital investment in areas that are economically distressed, and to empower the communities through economic leveraging. The importance to know this is, for example, when we×39’re talking about later on yoredoingng to see the definition of the principal office. When we defined the principal office, we define it as a location where the greatest number of the employees work from. Obviously, this excludes those firms that are working in the areas of service or construction where the majority of the employees...
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