SBA’s HUBZone Program- Learn How it Can Help Your Small Business

SBA’s HUBZone Program- Learn How it Can Help Your Small Business


If you’re a small business owner who is exploring
government contracting programs, you might want to check out the SBA’s HUBZone
Program. HUBZone stands for Historically Underutilized
Business Zone. Basically, it’s an area where business development
and growth has been fairly limited. The HUB Zone Program encourages economic development
by setting aside 3% percent of all Federal prime contracting dollars specifically for
HUBZone-certified firms. “3%?” you say. “That doesn’t sound like very
much.” In fact, in 2011, that amounted to just over 9.6 BILLION dollars awarded to small
businesses!! In 2012, more than 40% of HUBZone certified
firms won contracts, And the median total value of awards for these
firms was slightly more than $360,000. So, now do we have your attention?
HUBZone certified companies either compete for contracts or are awarded a sole source
contract. When they compete for contracts amongst other HUBZone certified companies,
they compete within a smaller pool of contractors. They also receive a 10% price evaluation preference
in full and open contract competitions…And, of course, one of the biggest benefits of
all is the growth you’ll be bringing into your own community!
So, how do you know if you qualify? Well, HUBZone certification is location-based.
So, the first thing to do is confirm that your business is located within a HUBZone.
You can do that by finding your address on the HUBZone map at: www.sba.gov/content/hubzone-maps.
If you are a small business that’s located in a HUBZone, your next step is to check out
the program’s eligibility requirements and application process. Go to www.sba.gov/HUBZONE
for more information. You can also call in to one of our Tuesday
or Thursday HUBZone Office Hours where a HUBZone team member can answer your questions.
The U.S. Small Business Administration. Helping Small Businesses Start, Grow, and Succeed.

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About the Author: Oren Garnes

4 Comments

  1. This is a wonderful video! Let's put the SBA to task! Get busy starting something to benefit your industrial niche!

  2. The more research that I do, the more opportunities I see that are out there to assist small businesses. Until visiting the SBA’s website, I’d never heard of a HUBZone. It’s amazing that we have access to all of these beneficial programs. It just goes to show that no matter how intelligent each of us is, we should never pretend to know everything because no man or woman is an island. Seeking information from top resources such as the SBA should be the first stops for all entrepreneurs, otherwise we stand to miss out on programs and information that could help us start and grow our businesses, not to mention avoid unnecessary mistakes. 

  3. HEADS UP FOR THOSE CONSIDERING HUB ZONE
    We are Hub Zone certified, the only thing you will get is a 10% advantage over the lowest bidder If non hub zone bids $899.00 and the hub zone bids $989.00 the award will go to the none hub zone $899.00 bidder. Because it was over 10% and as you know it is very difficult know what the low bid price will be.
    Only .7 percent of the Hub Zone set asides get awarded not the 3 percent that this video claims and that is why many are leaving the program.They say it is a set aside, not true!!! Non hub zone bidders can bid on it. We have not seen any benefit from the program, we are not employing new people or expanding our business. If I knew this up front I have not bothered to do all the paperwork to become certified. I will not re-certify.

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