What are the benefits of HUBZone?
What are the benefits of HUBZone?
A HUBZone Certification gives a business a 10% pricing advantage over its competition bidding on the same government contract. When federal contracting officers are purchasing off GSA Advantage, often times a HUBZone reseller of a product is less expensive than the manufacturer because of this 10% price preference.
How long is HUBZone certification good for?
Maintain HUBZone certification You’ll need to recertify for the HUBZone program once a year. There is no limit to the length of time a business can participate as long as it continues to qualify. A program examination will be required every three years.
What does it mean to live in a HUBZone?
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.
What does HUBZone certified mean?
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 many HUBZone companies are there?
7,700 HUBZone companies
There are about 7,700 HUBZone companies, and they compete for about $2 billion in HUBZone set asides.
How do I check my HUBZone status?
How can I check the status? The application system available on the web (www.sba.gov/hubzone) has a built-in function that allows an applicant to check the status at any time. Just activate the certification function on the opening page and select the “Check Application Status” operation.
How do I get HUBZone contract?
How to find HUBZone contractors
- Get personal assistance from the SBA’s government contracting area offices or from Procurement Technical Assistance Centers.
- Contact your agency’s Office of Small & Disadvantaged Business Utilization or your Agency Small Business Specialist.
How do I find HUBZone companies?
At least 35 percent of its employees must reside in a HUBZone. Computer mapping software available on SBA’s Web site allows firms to search a database to determine whether they are located in a qualified HUBZone. Access the site at www.sba.gov/hubzone. Select the option “Are You in a HUBZone?”
How do I get HUBZone opportunities?
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.
How do you get HUBZone?
What is a HUBZone map?
The Qualified Census Tract and Qualified Non-Metropolitan County median household income and difficult development area updates have been published on the HUBZone Maps.
What is the HUBZone program?
What is the HUBZone program? 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.
How do I determine if my business qualifies as a HUBZone?
Determine if your business is “small” by SBA standards: You can use the SBA’s Size Standard Tool if you’re not sure. . Determine if your business is located in a HUBZone : The SBA website has an interactive map which can aide you in determining if your location qualifies as a HUBZone.
What is the HUBZone discussion format?
HUBZone staff facilitates the discussion by providing the answers and introducing specific topics as time allows. This format offers the opportunity to learn how to maintain eligibility to decrease the possibility of an initial application being declined or being decertified after obtaining the HUBZone certification.
What are the benefits of being a HUBZone certified contractor?
HUBZone-certified contractors may also be eligible for a 10% price evaluation preference in some cases of full and open contract competitions and subcontracting opportunities. Click here to visit SBA’s HUBZone page.
