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HUBZone Certification Announcement

For Immediate Release:

Federal Resources Corporation 417 State Street Erie, PA 16501

Erie, PA, August 6, 2019— Federal Resources Corporation, or FRC, an information technology Value Added Reseller of solutions and services announced today that is has been certified by the U.S. Small Business Administration (SBA) to participate in the Historically Underutilized Business Zone (HUBZone) program. It is a goal of Federal agencies to maintain 3% of all annual contracts as set-aside for certified HUBZone businesses, which provides FRC with increased opportunities when pursuing specified Federal IT contracts.

FRC's HUBZone certification will provide another avenue for federal procurement to achieve their set-aside targets, while also creating jobs and economic development in historical underutilized business zones. We pride ourselves of the long-term partnerships with our clients and look forward to forming new relationships in pursuit of HUBZone set-aside contracts.

“We are extremely excited with our entry into the SBA HUBZone program. We look forward to leveraging the program to drive social impact in our communities.” says Jeremy Young, President of FRC. “We also understand that this certification is a powerful tool to assist our customers in the procurement process while enabling our company to further drive our customer centric, mission driven capabilities message to the market.”

Federal Resources Corporation is headquartered in Erie, PA. For more information, please visit www.fedresources.com.

About Federal Resources Corporation

Founded in 1998, FRC has a proven track record of delivering IT solutions and services across public and private sectors. In conjunction with our vendor partners and distributors, FRC offers products, solutions, and services to meet each agency’s IT Modernization needs around Infrastructure, Cybersecurity, Cloud, and Analytics.

Contacts:

Dalma Bordon dbordon@fedresources.com 814-636-8018

19.1306 HUBZone sole source awards.

(a) A contracting officer shall consider a contract award to a HUBZone small business concern on a sole source basis (see 6.302-5(b)(5)) before considering a small business set-aside (see 19.203 and subpart 19.5), provided none of the exclusions at 19.1304 apply; and-

(1) The contracting officer does not have a reasonable expectation that offers would be received from two or more HUBZone small business concerns;

(2) The anticipated price of the contract, including options, will not exceed-

(i) $7 million for a requirement within the North American Industry Classification System (NAICS) codes for manufacturing; or

(ii) $4 million for a requirement within all other NAICS codes;

(3) The requirement is not currently being performed by an 8(a) participant under the provisions of subpart 19.8 or has been accepted as a requirement by SBA under subpart 19.8;

(4) The acquisition is greater than the simplified acquisition threshold (see part 13);

(5) The HUBZone small business concern has been determined to be a responsible contractor with respect to performance; and

(6) Award can be made at a fair and reasonable price.

(b) The SBA has the right to appeal the contracting officer’s decision not to make a HUBZone sole source award.