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HUBZoneHistorically Underutilized Business Zone

Historically Underutilized Business Zone program.

Definition

HUBZone Historically Underutilized Business Zone program.

SBA HUBZone

Definition

The HUBZone (Historically Underutilized Business Zone) program helps small businesses in designated areas gain access to federal contracting. Requirements include principal office in a HUBZone, 35% of employees residing in HUBZones, and SBA certification. HUBZone contracts have a 10% price evaluation preference.

Official Source

SBA HUBZone

Related Terms

  • Set-Aside

    Contract reserved exclusively for specific small business categories.

  • Small Business

    Business meeting SBA size standards for its industry.

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