The HUBZone program is a United States Small Business Administration (SBA) program for small businesses that conducts business in Historically Underutilized Business Zones (HUBZones). Government agencies are required by law (HUBZone Empowerment Act) to contract with HUBZone certified businesses for more than 3% of their budget on an annual basis. There is no limit to the length of time an organization can maintain its HUBZone status as long as it meets the following criteria (per wiki)
- The firm must be a small business based on the North American Industry Classification System (NAICS) for size standards.
- 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).
- The firm’s principal office (the location where the greatest number of employees perform their work, excluding contract sites) must be in a HUBZone.
- 35% of the firm’s total workforce must reside in a HUBZone
To learn more about the HUBZone program CLICK HERE
To view the top government agencies that purchase from Small Businesses CLICK HERE