HUBZone Overview
01
At its most basic, the HUBZone program is designed to provide economic assistance to economically depressed geographic areas by awarding federal contracts to small businesses that operate and employ workers in those areas.
02
At its most basic, the HUBZone program is designed to provide economic assistance to economically depressed geographic areas by awarding federal contracts to small businesses that operate and employ workers in those areas.
03
There are four basic requirements a “typical” company must meet to participate in the HUBZone program:
- The company must be at least 51% unconditionally and directly owned and controlled by United States citizens.
- The company must be a small business under its primary NAICS code.
- The company’s principal office must be located in a HUBZone; and
- At least 35% of the concern’s employees must live in a HUBZone.
Note: Other unique terms and conditions apply pertaining to ownership type – including separate eligibility criteria for companies owned by Indian tribes, Alaska Native Corporations, Native Hawaiian Organizations, and Community Development Corporations.
04
HUBZone eligibility is an ongoing process. A company has to qualify at the time it submits its offer under a HUBZone contract and at the time of award.
