HUBZone
Historically Underutilized Business Zone
Definition
The Historically Underutilized Business Zone program provides federal contracting preferences to small businesses located in economically distressed areas. To qualify, a business must be small, at least 51% owned and controlled by U.S. citizens, have its principal office in a designated HUBZone, and have at least 35% of employees residing in HUBZone areas.
HUBZone-certified firms can compete for HUBZone set-aside contracts and receive a 10% price evaluation preference in full and open competitions. The program aims to stimulate economic development in distressed areas by directing federal contracting dollars to businesses operating there. HUBZone maps and certification are managed through SBA's certification portal.
Related Information
- Related Set-Asides
- HUBZone
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