HUBZone Program
E40273
The HUBZone Program is a federal initiative that helps small businesses in historically underutilized business zones gain preferential access to government contracting opportunities to stimulate economic development in those areas.
Aliases (1)
- HUBZone ×1
Statements (46)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal government program
→
small business assistance program → |
| abbreviation |
HUBZone
→
|
| administeredBy |
U.S. Small Business Administration
→
|
| administeredThrough |
SBA Office of Government Contracting and Business Development
→
|
| aimsTo |
channel federal contracting dollars to underserved communities
→
|
| appliesTo |
federal executive agencies
→
|
| benefits |
competitive advantage in federal procurements
→
increased access to federal contracting opportunities → |
| contractingMechanism |
price evaluation preference
→
set-aside competitions → sole-source awards → |
| country |
United States
→
|
| eligibilityRequirement |
at least 35 percent of employees must reside in a HUBZone
→
business must be a small business under SBA size standards → business must be at least 51 percent owned and controlled by U.S. citizens or qualifying entities → principal office must be located in a designated HUBZone → |
| establishedBy |
United States Congress
→
|
| focusesOn |
historically underutilized business zones
→
|
| fundingSource |
United States federal government
→
|
| geographicBasis |
census tracts and non-metropolitan counties
→
|
| hasDesignation |
HUBZone-certified small business concern
→
|
| implementedThrough |
federal procurement regulations
→
|
| legalAuthority |
15 U.S.C. 631 et seq.
→
Small Business Act → |
| monitoredBy |
U.S. Small Business Administration
→
|
| policyArea |
community development
→
economic development → small business policy → |
| provides |
price evaluation preference in full and open competition
→
set-aside contracts for HUBZone small businesses → sole-source contracts for HUBZone small businesses → |
| purpose |
increase employment in HUBZone areas
→
provide federal contracting opportunities to small businesses → stimulate economic development in historically underutilized business areas → |
| relatedTo |
8(a) Business Development Program
→
Service-Disabled Veteran-Owned Small Business Program → Women-Owned Small Business Federal Contracting Program → |
| requires |
certification by the U.S. Small Business Administration
→
maintenance of eligibility criteria during certification period → |
| sector |
government contracting
→
|
| supports |
job creation in distressed areas
→
revitalization of low-income communities → |
| targetAudience |
small business concerns
→
|
| uses |
geographic maps of HUBZone areas
→
|
| website |
https://www.sba.gov/federal-contracting/contracting-assistance-programs/hubzone-program
→
|
Referenced by (3)
| Subject (surface form when different) | Predicate |
|---|---|
|
HUBZone Program
("HUBZone")
→
|
abbreviation |
|
U.S. Small Business Administration
→
|
operatesProgram |
|
Service-Disabled Veteran-Owned Small Business Program
→
|
relatedTo |