Knowledge (XXG)

HUBZone

Source ๐Ÿ“

231:) was the true creator of the program and continues to be the champion. His motivation came from numerous meetings with business owners at events that discussed training. In those events, the feedback was grateful for the training for businesses in lower economic areas, but the training was slated as inadequate unless work was also going to be allocated to those communities. Based on the need for jobs, Senator Bond began the concept of HUBZones. 22: 203:
are required by the HUBZone Empowerment Act to contract with HUBZone certified small businesses for more than 3% of their budget in the form of prime contracts to HUBZone firms. The government has made some progress towards these goals, but by and large remains below them. Because the program
204:
represents only 3% of the contracts awarded by federal agencies, the program has received an equivalent level of attention. In 2018, HUBZone companies started to become more proactive in trying to get opportunities 'set-aside' for HUBZone-certified companies. Through organizations such as the
249:
The program has not generated enough HUBZone contract dollars to have an impact on a national scale. When spread over an eight-year period across 2,450 metropolitan areas and counties with qualified census tracts, qualified counties, and Indian reservations, $ 6 billion has a limited
245:
The US federal government approved $ 13+ billion dollars for annual distribution to HUBZone firms. Currently, approximately half of the money is actually being distributed. Many qualified businesses still encounter barriers to entry and are intimidated by the
257: 128:(SBA) program for small companies that operate and employ people in Historically Under-utilized Business Zones (HUBZones). The HUBZone program was created in response to the HUBZone Empowerment Act created by the 190:
The primary goal of the program is to create incentives for the U.S. federal government to do contracting with businesses that operate and create jobs in communities with statistically proven economic needs.
143:
The business must be at least 51% owned and controlled by U.S. citizens, or a Community Development Corporation, an agricultural cooperative, or an Indian tribe (including Alaska Native Corporations).
262:
Businesses need to re-certify for the HUBZone program every three years. There is no limit to the length of time a business can continue to re-certify as long as it continues to qualify.
253:
HUBZone set-asides are the most frequently used tool to award HUBZone contracts. HUBZone sole source and price preferences were least often used by contracting officers.
137: 240:
The first business to receive a contract under the HUBZone program's simplified acquisition program was Garrett Container based in Accident, Maryland.
146:
The firm's principal office (the location where the greatest number of employees perform their work, excluding contract sites) must be in a HUBZone.
479: 448: 407: 484: 185:
To determine if a location (residence or business) is in a HUBZone, the SBA web site has a feature the make this determination found at
105: 224: 459: 43: 451: 132:
in 1998. Based on the Act, small businesses will be designated as HUBZone certified if they have the following criteria:
125: 219:
Numerous legislators created and continue to support the HUBZone program. However, it is widely held that U.S. Senator
86: 280: 58: 443: 32: 65: 39: 474: 200: 72: 208:, companies are starting to collaborate to increase their responses to Sources Sought as posted through 330: 54: 256:
Progress on HUBZone and all small business contracting rates is available on the government's
209: 312: 161:
HUBZones are 'historically under-utilized business zone', located within one or more:
468: 359: 313:"Applying for the HUBZone Program โ€“ The U.S. Small Business Administration โ€“ SBA.gov" 122: 79: 166: 153:
On average, about 3,000 entities register for HUBZone certification each year.
129: 21: 360:"The HUBZone Program Report | The U.S. Small Business Administration | SBA.gov" 456: 186: 284: 449:
Important Change to HUBZone Definition of "Employee" Occurred May 3, 2010
228: 220: 331:"Getting Started - Federal Business Opportunities: Getting Started" 383: 205: 298: 436: 175:
Lands within the external boundaries of an Indian reservation;
15: 149:
35% of the firm's total workforce must reside in a HUBZone.
46:. Unsourced material may be challenged and removed. 136:The firm must be a small business based on the 457:Small Business Administration HUBZone Program 138:North American Industry Classification System 8: 106:Learn how and when to remove this message 272: 7: 354: 352: 350: 172:Qualified non-metropolitan counties; 44:adding citations to reliable sources 195:Government contracting requirements 444:Required HUBZone certification map 14: 20: 408:"Small Business Administration" 178:Qualified base closure area; or 31:needs additional citations for 460:Congressional Research Service 1: 480:Small Business Administration 452:Small Business Administration 412:Small Business Administration 126:Small Business Administration 206:HUBZone Chamber of Commerce 140:(NAICS) for size standards. 501: 485:United States business law 384:"Small Business Dashboard" 258:Small Business Dashboard 201:U.S. Federal Government 388:smallbusiness.data.gov 199:The agencies of the 40:improve this article 299:"NAICS has moved!" 281:"GC/BD - HUBZone" 181:Redesignated area 116: 115: 108: 90: 492: 440: 439: 437:Official website 422: 421: 419: 418: 404: 398: 397: 395: 394: 380: 374: 373: 371: 370: 356: 345: 344: 342: 341: 327: 321: 320: 309: 303: 302: 295: 289: 288: 283:. Archived from 277: 215:HUBZone creators 111: 104: 100: 97: 91: 89: 48: 24: 16: 500: 499: 495: 494: 493: 491: 490: 489: 465: 464: 435: 434: 431: 426: 425: 416: 414: 406: 405: 401: 392: 390: 382: 381: 377: 368: 366: 358: 357: 348: 339: 337: 329: 328: 324: 311: 310: 306: 297: 296: 292: 279: 278: 274: 269: 237: 217: 197: 159: 112: 101: 95: 92: 49: 47: 37: 25: 12: 11: 5: 498: 496: 488: 487: 482: 477: 475:Small business 467: 466: 463: 462: 454: 446: 441: 430: 429:External links 427: 424: 423: 399: 375: 346: 322: 304: 290: 287:on 2004-10-14. 271: 270: 268: 265: 264: 263: 260: 254: 251: 247: 242: 241: 236: 233: 216: 213: 210:FedBizOpps.gov 196: 193: 183: 182: 179: 176: 173: 170: 158: 155: 151: 150: 147: 144: 141: 114: 113: 96:September 2014 28: 26: 19: 13: 10: 9: 6: 4: 3: 2: 497: 486: 483: 481: 478: 476: 473: 472: 470: 461: 458: 455: 453: 450: 447: 445: 442: 438: 433: 432: 428: 413: 409: 403: 400: 389: 385: 379: 376: 365: 361: 355: 353: 351: 347: 336: 332: 326: 323: 318: 314: 308: 305: 300: 294: 291: 286: 282: 276: 273: 266: 261: 259: 255: 252: 248: 244: 243: 239: 238: 235:Notable facts 234: 232: 230: 226: 222: 214: 212: 211: 207: 202: 194: 192: 188: 187: 180: 177: 174: 171: 168: 167:census tracts 164: 163: 162: 156: 154: 148: 145: 142: 139: 135: 134: 133: 131: 127: 124: 123:United States 120: 110: 107: 99: 88: 85: 81: 78: 74: 71: 67: 64: 60: 57: โ€“  56: 52: 51:Find sources: 45: 41: 35: 34: 29:This article 27: 23: 18: 17: 415:. Retrieved 411: 402: 391:. Retrieved 387: 378: 367:. Retrieved 363: 338:. Retrieved 334: 325: 316: 307: 293: 285:the original 275: 218: 198: 189: 184: 160: 152: 118: 117: 102: 93: 83: 76: 69: 62: 50: 38:Please help 33:verification 30: 364:www.sba.gov 335:www.fbo.gov 130:US Congress 469:Categories 417:2018-09-15 393:2018-09-15 369:2018-09-15 340:2018-09-15 267:References 165:Qualified 157:Definition 66:newspapers 55:"HUBZone" 246:process. 221:Kit Bond 317:sba.gov 250:impact. 119:HUBZone 80:scholar 82:  75:  68:  61:  53:  121:is a 87:JSTOR 73:books 59:news 42:by 471:: 410:. 386:. 362:. 349:^ 333:. 315:. 229:MO 420:. 396:. 372:. 343:. 319:. 301:. 227:- 225:R 223:( 169:; 109:) 103:( 98:) 94:( 84:ยท 77:ยท 70:ยท 63:ยท 36:.

Index


verification
improve this article
adding citations to reliable sources
"HUBZone"
news
newspapers
books
scholar
JSTOR
Learn how and when to remove this message
United States
Small Business Administration
US Congress
North American Industry Classification System
census tracts

U.S. Federal Government
HUBZone Chamber of Commerce
FedBizOpps.gov
Kit Bond
R
MO
Small Business Dashboard
"GC/BD - HUBZone"
the original
"NAICS has moved!"
"Applying for the HUBZone Program โ€“ The U.S. Small Business Administration โ€“ SBA.gov"
"Getting Started - Federal Business Opportunities: Getting Started"

Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.

โ†‘