January 17th, 2023 by WCBC Radio
More federal financial help may soon be available for West Virginia small businesses. Gov. Jim Justice is petitioning for Boone, Clay, Hampshire, Monroe and Preston Counties to be added to the state roster as governor-designated HUBZones.
“Our great state’s small businesses deserve a fighting chance to show the nation the competitive advantage of West Virginia,” Justice said. “We remain ready and able to compete for federal contracting opportunities and help revitalize our rural communities through continued hard work and dedication.”
The Historically Underutilized Business Zone (HUBZone) federal program gives participating small businesses access to exclusive federal contracting opportunities and preferential price evaluations when bidding on at-large federal contracts.
If approved, small businesses would now have access to markets where they were previously excluded, or where they suffered a competitive disadvantage
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