HUBZone Benefits for Small Businesses

The Historically Underutilized Business Zone (HUBZone) program offers valuable benefits to small businesses aiming to succeed in the federal marketplace. Created by the SBA, the program promotes economic growth in underserved communities by granting businesses in these areas access to exclusive federal contracting opportunities. HUBZone certification helps small businesses unlock new paths for growth and stability.

A major benefit of HUBZone certification is access to federal contracts. The government aims to award at least 3% of all prime contracts to HUBZone-certified businesses annually. This exclusive access increases the likelihood of securing contracts and building relationships with federal agencies. HUBZone firms also benefit from a 10% price evaluation preference in competitive bidding.

HUBZone certification also supports economic development in underserved areas. By hiring employees from HUBZone locations and operating within these communities, businesses contribute to job creation and economic growth. This program is a win-win for small businesses and the communities they serve, making it a valuable resource for entrepreneurs seeking growth and impact.