HUBZone
HUBZone (Historically Underutilized Business Zone) is an SBA program for small businesses whose principal office is in a HUBZone and at least 35% of whose employees live in one.
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Definition
HUBZone (Historically Underutilized Business Zone) is an SBA program for small businesses whose principal office is in a HUBZone and at least 35% of whose employees live in one. Certified firms compete for HUBZone set-asides and sole-source awards and get a 10% price evaluation preference in full and open competitions.
The federal goal is 3% of prime contract dollars. Firms recertify every three years, and SBA's HUBZone map shows which addresses qualify.
How it differs
- 01
vs. 8(a) Business Development program
8(a) is about the owners' disadvantage and lasts nine years; HUBZone is about where the firm and its staff are, with no term limit. What is 8(a)?
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Questions
What does "hubzone" mean in procurement?
HUBZone (Historically Underutilized Business Zone) is an SBA program for small businesses whose principal office is in a HUBZone and at least 35% of whose employees live in one. Certified firms compete for HUBZone set-asides and sole-source awards and get a 10% price evaluation preference in full and open competitions.
What is the difference between HUBZone and 8(a)?
8(a) is about the owners' disadvantage and lasts nine years; HUBZone is about where the firm and its staff are, with no term limit.