Ideal for small businesses aiming to leverage federal contracts to grow while contributing to economic development in underserved areas. Ensure compliance with criteria and maintain thorough documentation. Join the HUBZone Program to access set-aside federal contracts and a 10% price preference while driving growth in historically underutilized business zones.
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Sign in to save this grantDonor: 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.
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