Hubzone, Oasis in the Desert?

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Hubzone, Oasis in the Desert?

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Are you a small business, owned and controlled at least 51% by U.S. citizens, or a Community Development Corporation, an agricultural cooperative, or an Indian tribe and the principal office located within a “Historically Underutilized Business Zone?” This information directly impacts you. What is a HUBZone and how can it help my small business? This program is a part of the Small Business Administration to encourage economic development in historically underutilized business zones -HUBZone How? SBA's HUBZone program promotes economic development and employment growth in distressed areas by providing access to more federal contracting opportunities. The program’s benefits for HUBZone-certified companies include: • Competitive and sole source contracting • 10% price evaluation preference in full and open contract competitions • Subcontracting opportunities. • Federal government awarding 3% of all dollars for federal prime contracts to HUBZone-certified small businesses.

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