HUBZone Program By SBA

Donor: U.S. Small Business Administration (SBA)

About: The HUBZone program, established by the SBA, promotes small business growth in historically underutilized business zones (HUBZones) by awarding at least 3% of federal contract dollars to HUBZone-certified businesses annually. Benefits include eligibility for set-aside contracts, a 10% price evaluation preference in full and open competitions, and the opportunity to compete in other SBA socio-economic programs. To qualify, businesses must meet criteria such as small business status, majority ownership by eligible entities, a principal office in a HUBZone, and a minimum of 35% of employees residing in a HUBZone. Businesses must maintain annual certification to ensure ongoing eligibility.

Focus: small businesses, federal contracts, economic growth.

Regions: United States

Eligibility: small businesses, majority-owned by U.S. citizens or eligible entities, located in HUBZones, 35% of employees living in HUBZones.

Terms: Businesses must meet HUBZone-specific criteria and maintain annual certification. Unannounced SBA visits and program examinations may occur to verify eligibility. Changes in ownership, mergers, or reductions in HUBZone residency below 20% during contract performance must be reported to SBA.