The HUBZone program can help small businesses compete for key federal procurement opportunities by qualifying them for exclusive purchase agreements and giving them price preferences over their larger competitors. Although the program has so far failed to award 3% of public contracts to HUBZone members, it could still prove to be an attractive designation for companies that want to generate government revenue. The federal government aims to award 3% of all dollars for major federal contracts to HUBZone certified small businesses. To obtain certification as a HUBZone company, the company must: According to the SBA, companies participating in the program benefit from „competitive and exclusive contracts”. Specifically, government agencies are encouraged to consider offers from HUBZone companies, even in cases where the price they offer is slightly higher than other companies. The government offers certified companies a 10% „price evaluation preference” for eventing and subcontracting competitions. Part I explains what HUBZone zones are called, Part II explains how affiliates are treated, how certification can be maintained after an area has lost HUBZone HUBZone joint ventures, and the awarding of contracts, regulatory requirements and best practices, to obtain and maintain certification. To discover what`s new in HUBZone, visit HUBZone: Latest news and articles! The goal of the national HUBZone program is to support small businesses in underserved areas of the country. By channelling a portion of government purchases to these businesses, the program aims to encourage entrepreneurship and increase employment in places where jobs are harder to find. 5 Things previously discussed the basics of program 8(a) and eligibility criteria. But Program 8(a) is not the only socio-economic program that benefits small businesses.
In this article, we`ll start by exploring another important program for small businesses: the historically underutilized business zone or HUBZone program. The HubZone (Historical Underused Business Zones) program helps small businesses in urban and rural communities gain priority access to federal procurement opportunities. These preferences apply to small businesses that receive HUBZone certification in part by employing employees who live in a HUBZone. The company must also maintain a „head office” in one of these specially designated areas. This article discusses features and permissions for small businesses to be part of HUBZone, which can be useful for both the small business owner and contract staff. Contract agents may also find this information useful, in addition to some information about regulations to meet their needs for supporting small businesses qualified with HUBZones. Essentially, the HUBZone program is designed to provide economic support to economically weak geographic areas by awarding federal contracts to small businesses that operate in those regions and employ workers. The SBA HUBZone office provides assistance with eligibility via the toll-free number: 1-888-858-2144 (access code 1875223#) on Tuesdays and Thursdays from 2 p.m. to 3.m p.m. .m ET. Participants influence the topics through their questions. HUBZone employees facilitate the discussion by providing answers and introducing specific topics when time permits.
This format provides an opportunity to learn how to maintain eligibility in order to reduce the possibility of an initial application being rejected or decertified after receiving HUBZone certification. If you`re looking for status information, need help troubleshooting technical issues, or need individual answers from the HUBZone desktop, you can send email@example.com an email. You can also request an appointment by filling out the HUBZone Analyst appointment form. In addition, companies that wish to obtain a HUBZone designation must have an active System for Award Management (SAM) account from the U.S. government. If you already have one, you can update your company profile after receiving the certification to indicate that you operate a HUBZone company. Before registering, however, interested parties must first have an active Dun & Bradstreet profile and an associated DuNS (Data Universal Numbering System) number. Dun & Bradstreet offers one of these unique nine-digit numbers for every physical location operated by a business, and they are offered free of charge to businesses that wish to obtain orders from the federal government.
While the program`s intention is to diversify federal procurement and support businesses in often overlooked parts of the country, critics say it has at times missed those goals. For example, a 2019 review by the Washington Post found that in two decades, 70 percent of HUBZone contracts in the country`s capital were awarded to just 11 companies. And because some of the city`s once-neglected areas were being revitalized, the Post noted that much of that money went to businesses located in wealthier neighborhoods in Washington, D.C. When looking for potentially lucrative government contracts, small businesses are often at a disadvantage compared to larger competitors with increased sales resources and profitability. However, one program offered by the United States is the Small Business Administration can put these humble companies on a more competitive footing. The HubZone (Historical Underserved Business Zones) program is offered to certain companies that meet the SBA criteria for company size and are headquartered in less affluent urban and rural communities. The stated goal of the program is to award 3% of federal bonuses and subcontracts to small, HUBZone-certified businesses, even though it has consistently missed that goal. The Small Business Administration`s review of major contracts in 2018 found that 2.05 percent was awarded to HUBZone participants, up from 1.7 percent the year before. Maintains a list of qualified HUBZone small businesses that federal agencies can use to search for suppliers The U.S. Small Business Administration determines whether companies are eligible to obtain contracts through the HUBZone program and maintains records of these businesses so that federal agencies can find potential suppliers.
Once a company has joined the HUBZone program, it usually needs to recertify each year to retain this designation. .