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 for small businesses that open up opportunities in government contracting. If you are looking to support your community while improving your bottom line, this your certification. Created in response to the Small Business Restoration Act of 1997, this program is designed to reduce unemployment and promote economic prosperity in distressed areas. The HUBZone program is managed by the SBA, and certifications last as long as you meet all of the criteria.
What makes the HUBZone Program so worthwhile is the access that you will receive to federal procurement opportunities. Federal agencies have collectively spent over $1.2 Billion on HUBZone contracts in the Commercial and Institutional Building Construction industry alone. Certified firms have a far better chance of winning both competitive and sole source federal contracts if they obtain a HUBZone certification. The goal of the Federal Government is to award 3% of all contract dollars to businesses in the HUBZone program.
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
Small Business Certifications – Build Your Business
Call Nancy at Sage Business today for a complimentary conversation on how small business certifications can help your business grow.