What is HUBZone?
Before understanding the importance of HUBZone, you should understand what
HUBZone is and what the benefits are for your small business. The Historically Underutilized
Business Zones (HUBZone) is a small business administration program for small
companies that operate and employ people in a HUBZONE.
Making sure your small business is eligible for the HUBZone program is only part
of the process. It is important that your business is qualified by the Small Business
Administration (SBA) in passing their standards for the HUBZone program.
In order to qualify your business needs to:
- Be owned and controlled by at least 51% of U.S citizens
- Be located within a HUBZone area (Map)
- Ensure that at least 35% of the company’s employees live in a HUBZone
- How does the HUBZone program benefit your company?
- *Includes a 10% price evaluation preference in full and open contract competitions and subcontracting possibilities.
- Provides competitive and sole source contracting.
The HUBZone program is a great way to certify your business and take advantages
of the many great opportunities that could lead your business to success. You can
learn more about the HUBZone program at sba.gov