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CITY OF TACOMA SMALL BUSINESS ENTERPRISE PROGRAM APPLICATION INSTRUCTIONS Please complete the Small Business Enterprise Program application in accordance with these instructions. Failure to provide

How to fill out historically underutilized business application

How to Fill Out Historically Underutilized Business Application:

1. Gather necessary information: Before filling out the historically underutilized business application, gather all the required information such as your business details, ownership information, financial data, and any supporting documents that may be needed.
2. Review the eligibility criteria: Familiarize yourself with the eligibility criteria set by the agency or organization offering the historically underutilized business program. Make sure your business meets all the requirements before proceeding with the application.
3. Complete the application form: Start by entering your business name, address, contact information, and other requested details accurately. Pay attention to any specific instructions provided in the application to ensure you provide the necessary information.
4. Provide ownership details: In this section, you will need to provide information about your business ownership. Include details such as the names of owners, their roles in the business, their ownership percentages, and any certifications or minority group affiliations.
5. Provide financial information: The historically underutilized business application may require you to disclose your financial information. This may include details about your business income, expenses, assets, liabilities, and any outstanding debts. Make sure to provide accurate and up-to-date financial data.
6. Submit supporting documents: Depending on the program requirements, you may need to provide supporting documents along with the application. These documents can include copies of your business licenses, certifications, tax returns, bank statements, resumes, and any other relevant documentation. Ensure all copies are clear and legible.
7. Double-check and review: Before submitting the application, review all the information you have provided to make sure there are no errors or missing details. Double-check the application form, attached documents, and any supplementary materials to ensure everything is complete.
8. Submit the application: Once you are confident that all the necessary information has been provided, submit the historically underutilized business application according to the guidelines provided by the agency or organization. Follow any specified submission methods, such as online submission, mail, or in-person delivery.

Who Needs Historically Underutilized Business Application:

1. Small businesses seeking government contracts: Small businesses looking to participate in government contracting programs may need to fill out a historically underutilized business application. These applications serve as a means for defining and identifying disadvantaged or underutilized businesses that may be eligible for specific benefits or preferential treatment in government contracts.
2. Minority-owned businesses: Historically underutilized business applications are often utilized by minority-owned businesses. These applications allow these businesses to demonstrate their ownership, define their disadvantaged status, and potentially access programs or resources designed to help level the playing field in the business world.
3. Economically disadvantaged individuals: Individuals who fall under economically disadvantaged categories, such as low-income individuals or those facing social barriers, may need to complete historically underutilized business applications. By filling out these applications, they can seek opportunities to improve their economic situation and gain access to resources, programs, or contracts specifically aimed at providing opportunities to underrepresented groups.

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What is historically underutilized business application?

Historically Underutilized Business (HUB) application is a certification program designed to increase participation of historically underutilized businesses in state contracting opportunities.

Who is required to file historically underutilized business application?

Eligible small businesses owned by minority or women, disabled-owned businesses, and small businesses that are located in historically underutilized business zones are required to file historically underutilized business applications.

How to fill out historically underutilized business application?

To fill out historically underutilized business application, businesses need to provide information about their ownership, location, and size, as well as any certifications they may have as minority-, women-, or disabled-owned businesses.

What is the purpose of historically underutilized business application?

The purpose of historically underutilized business application is to help increase diversity in state contracting and provide opportunities for historically underutilized businesses to compete for government contracts.

What information must be reported on historically underutilized business application?

Information such as business ownership details, business location, size of business, certifications as minority-, women-, or disabled-owned businesses, and other relevant information must be reported on historically underutilized business application.