Historically Underutilized Business Zones (HUBZone) (59.055)
Program
59.055 Historically Underutilized Business Zones (HUBZone)
Federal Agency
SMALL BUSINESS ADMINISTRATION
Authorization
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 126.100.
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 (Contracts).
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% 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% 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 .
Application and Award Process
Preapplication Coordination
None. This program is excluded from coverage under E.O. 12372.
Application Procedure
Applications are made on-line via the Intranet at wwwsba.gov/hubzone.
Award Procedure
Applicant is notified of program participation approval electronically within 30 days of receipt of a completed application.
Deadlines
Applications for program participation are accepted on an on-going basis.
Range of Approval/Disapproval Time
Appeals
Not applicable.
Renewals
Not applicable.
Assistance Considerations
Formula and Matching Requirements
Not applicable.
Length and Time Phasing of Assistance
Not applicable.
Post Assistance Requirements
Reports
On-line re-certification every three years.
Audits
Not applicable.
Records
Not applicable.
Program Accomplishments
HUBZone small businesses certified annually: 2004=2,294. Program examinations completed: FY 2004=505. Contract FY 2004=2,294. Program examinations completed: FY 2004=505. Contract awards goal.
Financial Information
Account Identification
73-0100-0-1-376.
Obligations
FY 04 $6,825,000; FY 05 $6,789,000; and FY 06 est $7,342,000.
Range and Average of Financial Assistance
None.
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
None.
Information Contacts
Regional or Local Office
Not applicable.
Headquarters Office
Associate Administrator for HUBZone Program, Small Business Administration, 409 Third Street, SW., Washington, DC 20416.
Web Site Address
Examples of Funded Projects
Not applicable.
Criteria for Selecting Proposals
Not applicable.
