Did you know that your business can become a certified small business by the Small Business Association of Michigan? This certification is available to small businesses with fewer than 500 employees and annual gross revenues equal to or less than $25,000,000 (or a three-year average of less than $20M). Certification can help set your business apart in the marketplace!
Here’s how:
Access to Government Contracts: Many government agencies and large corporations have set aside contracts or procurement goals for small businesses. Being certified can make your business eligible to bid on these contracts, providing valuable opportunities for growth.
Competitive Advantage: Small business certification can enhance your company’s credibility and competitiveness when bidding for contracts. It signals to potential clients that your business meets certain standards and qualifications.
Supplier Diversity Programs: Many companies have supplier diversity programs that aim to include businesses owned by minorities, women, veterans and other underrepresented groups. Small business certification may qualify your business for participation in these programs. SBAM is working with several partners to provide resources in this area for our certified small businesses.
Financial Incentives: Some government contracts and programs offer financial incentives or preferential treatment to certified small businesses.
Visibility and Recognition: Certification can lead to increased visibility for your business. It may result in inclusion in directories of certified businesses, and other opportunities for recognition within your industry. All certified small businesses are housed in a special directory on SBAM.org, providing extra access to your business profile.
It’s simple to obtain your certification from SBAM, and we are here to help you through the process and beyond. Visit our website or contact me to learn more.
By Sherry Bryan; originally published in SBAM’s March/April 2024 issue of FOCUS magazine
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