What are HUBZone contracts?

What are HUBZone contracts?

The HUB- Zone program provides contracting assistance to small businesses located in economically distressed communities, referred to as historically underutilized business zones or HUBZones, to promote job growth, capital investment and economic development in these areas, including Indian reservations.

How do I get HUBZone contract?

How to find HUBZone contractors

1. Get personal assistance from the SBA’s government contracting area offices or from Procurement Technical Assistance Centers.
2. Contact your agency’s Office of Small & Disadvantaged Business Utilization or your Agency Small Business Specialist.

Is HUBZone a contract vehicle?

SBA HUBZone Certified companies have three contract vehicles that provide them with an advantage in the federal government process: Competitive set-aside. Sole source contract. 10% price advantage.

What does it mean to be HUBZone certified?

Underutilized Business Zone
HUBZone is a company level diversity certification referring to the Historically Underutilized Business Zone program that helps small businesses located in distressed areas gain preferential access to federal procurement opportunities. Companies must undergo recertification every three years.

How long does it take to get a HUBZone certification?

116 days
HUBZone certifications are averaging 116 days from the date of application to the date of certification, according to a fascinating SBA Office of Inspector General Report on the HUBZone certification process. The 116-day time frame is considerably longer than the SBA’s goal of 90 days.

How do you know if you are in a HUBZone?

In order to qualify for the HUBZone program, the business must be located in an area designated as a Historically Underutilized Business (HUB) Zone and at least 35% of its employees must reside in a HUBZone. You may determine if an address or a particular area is designated as a HUBZone by using the HUBZone Map.

What is HUBZone resident?

The Historically Underutilized Business Zones (HUBZone) program helps small businesses in urban and rural communities gain preferential access to federal procurement opportunities. These preferences go to small businesses that obtain HUBZone certification in part by employing staff who live in a HUBZone.

Is a HUBZone an empowerment zone?

In addition to preferences in securing federal contracts, HUBZone businesses also can qualify for higher SBA guaranteed surety bonds on contract bids. In cases where the HUBZone is also designated as a federal Empowerment Zone/Enterprise Community, small businesses may also qualify for other tax credits and deductions.

What is 8 A certified?

SBA (8a) is an ownership/diversity certification sponsored by the Small Business Association (SBA) of the United States government. This certification is intended for organizations that are owned and controlled at least 51% by socially and economically disadvantaged individuals. …