The Historically Underutilized Business Zones (HUBZone) Program was enacted into law as part of the Small Business Reauthorization Act of 1997. The program falls under the auspices of the Small Business Administration (SBA) and encourages economic development in HUBZones. Its purpose is to promote economic development and employment growth in distressed areas by providing Small Business Concerns (SBC's) in those areas access to more federal contracting opportunities.
Program benefits include restricted competition/set-asides and sole-source awards for federal procurements, and price evaluation preference on unrestricted procurements.
The Department of the Navy (DON) target award is 1.5% of its prime contracting dollars to HUBZone businesses. The DON Office of Small Business Programs (OSBP) is committed to providing assistance to HUBZone small businesses in doing business with the Navy.
To be eligible for the program, a business (except tribally-owned concerns) must meet the following criteria:
Firms that are owned in whole or in part by Indian Tribal Governments or corporations wholly owned by Indian tribal Governments, at the time of application must either:
Participation in this program requires SBA certification. For application procedures visit http://www.sba.gov/content/applying-hubzone-program