HUBZone EMPOWERMENT CONTRACTING PROGRAM
Provide Federal contracting opportunities for certain qualified small business concerns located in distressed communities in an effort to promote private sector investment and employment opportunities in these communities. Fostering the growth of Federal contractors in these areas and ensuring that these contractors become viable businesses for the long term will help to empower these areas while not adversely affecting recent efforts to streamline and improve the Federal procurement process.
A concern may be determined to be a "qualified HUBZone small business concern" if it is:
HISTORICALLY UNDERUTILIZED BUSINESS ZONES:
AFFECTED PROCURING AGENCIES:
As of Oct. 1, 2000, all Federal departments and agencies involved with procurement must factor into their contracting plans the annual goals that have been established for the HUBZone Empowerment Contracting Program.
Based on total Federal prime contract awards, for fiscal year 2001 the goal is 2%; FY2002 – 2 1/2%; FY2003 and each fiscal year thereafter - 3%.
The HUBZone Empowerment Contracting Program was formally opened to the public on March 22, 1999. By May 2001, more than 3,000 firms have obtained HUBZone certification.
HUBZone EMPOWERMENT CONTRACTING PROGRAM WEB SITE:
The web site, http://www.sba.gov/hubzone, provides a wide array of resources. Information available includes mapping capabilities that identify qualified areas allowing potential applicants to determine if they are located in a HUBZone, applications in both electronic and paper formats (with electronic the preferred method of submission), a detailed guide and for completing the application and historical background on this initiative.
For additional information:
Rebuilding America's Communities One Small Business at a Time