Historically Underutilized Business Zones (HUBZone) (59.055)
Program
59.055 Historically Underutilized Business Zones (HUBZone)
Federal Agency
Agency: Small Business Administration
Authorization
HUBZone Act of 1997.
Program Number
59.055
Last Known Status
Active
Objectives
The purpose of the HUBZone program is to provide federal contracting assistance for qualified SBCs located in historically underutilized business Zones in an effort to increase employment opportunities, investment, and economic development in such areas.
Types of Assistance
PROJECT GRANTS
Uses and Use Restrictions
The HUBZone Program stimulates capital investment, creation of jobs, and economic development in distressed rural and urban communities by providing Federal contracting preferences to firms certified by SBA as 'qualified' HUBZone small businesses.
Eligibility Requirements
Applicant Eligibility
To be eligible to participate in the program, a firm must (1) be a small business (as defined by SBA Size Standards), (2) be owned and controlled at least 51 percent by one or more U.S. citizens, a Community Development Corporation, an agricultural cooperative or an Indian tribe, (3) be located (principal office) in a HUBZone, and (4) certify that least 35 percent of its employees are residents of a HUBZone.
Beneficiary Eligibility
The HUBZone Program is precisely targeted to provide contract opportunities - revenue sources - to firms located in approximately 11,600 metropolitan census tracts, 1,400 non-metropolitan counties, Indian Lands, and 150 areas affected by base closures and realignments.
Credentials/Documentation
Application for HUBZone status is accomplished on-line. This program is excluded from coverage under OMB Circular No. A-87.
Application and Award Process
Preapplication Coordination
Preapplication coordination is not applicable. Environmental impact information is not required for this program. This program is excluded from coverage under E.O. 12372.
Application Procedure
This program is excluded from coverage under OMB Circular No. A-102. This program is excluded from coverage under OMB Circular No. A-110. Applications are made on-line via the Intranet at www.sba.gov/hubzone.
Award Procedure
Applicant is notified of program participation approval electronically within 30 days of receipt of a completed application.
Deadlines
Contact the headquarters or regional office, as appropriate, for application deadlines.
Range of Approval/Disapproval Time
Approximately 30 days.
Appeals
Additional information available on SBA's website at sba.gov.
Renewals
Additional information available on SBA's website at sba.gov.
Assistance Considerations
Formula and Matching Requirements
Statutory formulas are not applicable to this program.
Matching requirements are not applicable to this program.
MOE requirements are not applicable to this program.
Length and Time Phasing of Assistance
Additional information available on SBA's website at sba.gov. See the following for information on how assistance is awarded/released: Additional information available on SBA's website at sba.gov.
Post Assistance Requirements
Reports
Additional information available on SBA's website at sba.gov. Additional information available on SBA's website at sba.gov. Additional information available on SBA's website at sba.gov. Additional information available on SBA's website at sba.gov. Additional information available on SBA's website at sba.gov.
Audits
In accordance with the provisions of OMB Circular No. A-133 (Revised, June 27, 2003), "Audits of States, Local Governments, and Non-Profit Organizations," nonfederal entities that expend financial assistance of $500,000 or more in Federal awards will have a single or a program-specific audit conducted for that year. Nonfederal entities that expend less than $500,000 a year in Federal awards are exempt from Federal audit requirements for that year, except as noted in Circular No. A-133. Additional information available on SBA's website at sba.gov.
Records
Not applicable.
Program Accomplishments
Fiscal Year 2008: See the Performance and Accountability Report on SBA's website at sba.gov. Fiscal Year 2009: See the Performance and Accountability Report on SBA's website at sba.gov. Fiscal Year 2010: See the Performance and Accountability Report on SBA's website at sba.gov.
Financial Information
Account Identification
73-0100-0-1-376.
Obligations
(Salaries) FY 08 $8,644,000; FY 09 est $9,262,000; FY 10 est $10,125,000
Range and Average of Financial Assistance
Additional information available on SBA's website at sba.gov.
Regulations, Guidelines and Literature
The HUBZone Act of 1997, the HUBZones in Native America Act of 2000, and the Small Business Administration Authorization and Manufacturing Assistance Act of 2004, and program regulations. 13 CFR Part 126. See the HUBZone website: www.sba.gov/hubzone.
Related Programs
Not Applicable.
Information Contacts
Regional or Local Office
See Regional Agency Offices.
Headquarters Office
David Lippold 409 3rd. Street, SW, Suite 6000, Washington, District of Columbia 20416 Email: david.lippold@sba.gov Phone: 202-205-6569
Web Site Address
Examples of Funded Projects
Not Applicable.
Criteria for Selecting Proposals
Not Applicable.
