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HUBZone

HUBZone Program

The Historically Underutilized Business Zone (HUBZone) Contracting Program encourages small businesses to locate in and hire employees from economically disadvantaged areas of the United States. Companies participating in the program can receive competitive advantages in winning federal contracts.The HUB_zone Empowerment Act became law as part of the Small Business Re authorization Act of 1997.

The Small Business Administration (SBA) regulates and implements the program, determines which businesses are eligible to receive HUB_zone contracts, maintains a database of qualified HUBZone businesses, and adjudicates protests of eligibility to receive HUBZone contracts.

HUB_zones are determined by economic indicators and include qualified urban and suburban census tracts, non-metropolitan counties, lands within the external boundaries of Indian reservations, qualified base closure areas, and/or other designated areas. See HUBZone Map for more details.There is a government-wide goal for most agencies to award at least three percent (3%) of their eligible federal contracting dollars to HUBZone-certified firms. Although several agencies have met or exceeded this goal over the years, it has never been achieved government-wide.

Almost all federal agencies participate in the HUBZone program. However,

The provisions of the Small Business Act apply only to procurement's made in the United States.

Most procurement's made by the

U.S. Postal Service

The Federal Aviation Administration

The Federal Deposit Insurance Corporation

The U.S. Congress, and procurement's made through GSA schedules are excluded from the HUB_zone Program.

HUBZone certification will greatly help you to:

Access to loans: A business person registered under SBA program gets to enjoy additional bonding and loan programs accessibility.

Cost advantage: The major advantage of a Hub_zone certification is that the small business owners get some preferential treatment during placing bids for the federal government contracts. The HUBZone registered firm gets an additional 10% as cost advantage to bid on the federal government contracts, in comparison the non-registered firms.

|S|B|G|A| will register your firm as a SBA certified firm, you get to enjoy certain preferences.

These SBA certified firms get selected by the larger companies, many of which are enlisted under the Fortune 500, for assisting them in completing the federal government contracts.

The contract value of nearly $500,000 is the minimum amount that the larger firm bids for. So as a smaller organization you get to have the opportunity of being a part of this large project.