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What is HUBZone business?

By John Parsons

What is HUBZone business?

The Historically Underutilized Business Zones (HUBZone) program helps small businesses in urban and rural communities gain preferential access to federal procurement opportunities. The company must also maintain a "principal office" in one of these specially designated areas.

Also to know is, what qualifies as a HUBZone?

To qualify for the HUBZone program, your business must: Be a small business. Be at least 51 percent owned and controlled by U.S. citizens, a Community Development Corporation, an agricultural cooperative, a Native Hawaiian organization, or an Indian tribe. Have at least 35 percent of its employees live in a HUBZone.

Also, how many HUBZone companies are there? As of August 24, 2020, the SBA's Dynamic Small Business Search database included 7,531 firms with active HUBZone certifications. In FY2019, the federal government awarded $11.5 billion to HUBZone-certified businesses.

Moreover, how do I find HUBZone companies?

How to find HUBZone contractors

  1. Get personal assistance from the SBA's government contracting area offices or from Procurement Technical Assistance Centers.
  2. Contact your agency's Office of Small & Disadvantaged Business Utilization or your Agency Small Business Specialist.

How long does it take to get a HUBZone certification?

about 90 days

Is HUBZone a small disadvantaged business?

There are two major differences between the SDB, 8(a), and HUBZone Programs. 1. SDB and HUBZones are essentially contractor programs designed to expand economic opportunity for disadvantaged businesses. An example of this would be an 8(a) eligible business located in a Historically Underutilized Business Zone.

Are you a small disadvantaged business?

A Small Disadvantaged Business (SDB) is a small business that is at least 51 percent owned by one or more individuals who are both socially and economically disadvantaged. SDB status makes a company eligible for bidding and contracting benefit programs involved with federal procurement.

How do I become SBA certified?

To get certified as an 8(a) business, simply use the certify.SBA.gov website. You'll need to have a profile at SAM.gov before you can use the certification website. The information you'll need to provide will vary based on your business structure and whether you're already participating in other SBA programs.

What is 8 a small business?

The 8(a) Business Development Program is a business assistance program for small disadvantaged businesses. The 8(a) Program offers a broad scope of assistance to firms that are owned and controlled at least 51% by socially and economically disadvantaged individuals.

How do you become a certified woman owned small business?

To qualify as a women-owned small business, or WOSB, your business must meet the following requirements:
  1. Your company must qualify as a small business based on SBA small business size standards.
  2. Your company must be 51 percent owned by women who are U.S. citizens.
  3. Women must manage the operations on a daily basis.

What is an 8 A certification?

SBA (8a) is an ownership/diversity certification sponsored by the Small Business Association (SBA) of the United States government. This certification is intended for organizations that are owned and controlled at least 51% by socially and economically disadvantaged individuals.

How do I check my HUBZone status?

Go to
  1. Enter your User ID and password.
  2. Click on the HUBZone icon.
  3. Click on HUBZone Electronic Application.
  4. The status will be displayed under the application number.

What is a HUBZone address?

In order to qualify for the HUBZone program, the business must be located in an area designated as a Historically Underutilized Business (HUB) Zone and at least 35% of its employees must reside in a HUBZone. You may determine if an address or a particular area is designated as a HUBZone by using the HUBZone Map.

What does redesignated HUBZone mean?

A redesignated area qualifies for a limited time as a HUBZone area. As a redesignated area, it qualifies as a HUBZone designated area for a period of three years. Importantly, when a tract or county is redesignated, its status in the HUBZone maps reflects the sunset date of the redesignation.

What does the SBA consider a full time employee?

A full-time employee is one who is employed an average of at least 30 hours per week.

How does SBA define seasonal employer?

The SBA Act does not define a seasonal employer or seasonal business. If the applicant is a seasonal employer, determine the average number of FTE employees per month during February 15, 2019, to June 30, 2019. This will be compared to the FTE employees during the eight-week period beginning after funding of the loan.

What does the SBA consider a utility?

Utilities Definition Includes Internet, Transportation and Telephone. electricity, gas, water, transportation, telephone or internet access, for which service began before February 15, 2020.” Most of these utility expenses are straightforward.