SBA HUBZone Program – Sole Source and Set-Aside Government Contracts
The Historically Underutilized Business Zones (HUBZone) program is one of the many Small Business Association (SBA) certifications and sole source programs that open up government contracting opportunities for small businesses. If you’re looking to support your community while improving your bottom line, this certification is for you.
Created in response to the Small Business Restoration Act of 1997, this program is designed to reduce unemployment and promote economic prosperity in low-income areas. The goal of the federal government is to award 3% of all contract dollars to businesses in the HUBZone program. In 2020 alone, federal agencies spent more than $13 billion with HUBZone businesses.
What makes the HUBZone program so worthwhile is the improved access to federal procurement opportunities. Certified firms have a far better chance of winning both competitive and sole source federal contracts if they obtain a HUBZone certification. The HUBZone program is managed by the SBA, and certifications last as long as criteria continues to be met.
What Are the Benefits of the HUBZone Program?
Here is how your organization can benefit from a HUBZone program certification:
- A 10% price evaluation preference in full and open federal contract competitions
- HUBZone set-aside and sole source contract opportunities
- Branding as a leader in your community’s economic growth
: Grow your business with small business certifications.
Call or email Nancy at Sage Business today for a complimentary consultation and take the first step toward opening new doors for your business.