What happens to employees who will no longer live in a HUBZone when the map is updated?

As of the July 2023 map update, employees who no longer reside in a HUBZone area would not be counted as HUBZone residents when determining the eligibility of a business. There is a requirement that 35% of fulltime employees must reside in a HUBZone. The HUBZone Map updates every 5 years, the next one being…

What is the grace period for self certified VOSBs and SDVOSBs?

Grace Period for Self-Certified Firms The NDAA 2021 grants a one-year grace period for self-certified SDVOSBs until January 1, 2024.  During the grace period, self-certified businesses have one year to file an application for SDVOSB certification and may continue to rely on their self-certification to compete for non-VA SDVOSB set-aside contracts. Self-certified SDVOSBs that apply…

What is a Competitive Set-Aside Contract?

Competitive Set-Aside Contracts When at least two small businesses could perform the work or provide the products being purchased, the government sets aside the contract exclusively for small businesses. With few exceptions, this happens automatically for all government contracts under $150,000. Some set-asides are open to any small business, but some are open only to…

What is a Sole-Source Set-Aside Contract?

Sole-Source Set-Aside Contracts Most contracts are competitive, but sometimes there are exceptions to this rule. Sole-source contracts are a kind of contract that can be issued without a competitive bidding process. This usually happens in situations where only a single business can fulfill the requirements of a contract. To be considered for a sole-source contract,…

What will happen to my certified HUBZone firm if its eligibility is affected by the map change?

Firms that no longer meet the HUBZone program requirements as of July 1 due to the map update will remain certified through their following recertification. The grace period for redesignated HUBZone’s are until July 2026. To keep your HUBZone status, it is possible to move the principal office to a HUBZone. You can browse our…