Federal Incentive Programs
The Historically Underutilized Business Zones (HUBZone) program helps small businesses in urban and rural communities gain preferential access to federal procurement opportunities. These preferences go to small businesses that obtain HUBZone certification in part by employing staff who live in a HUBZone. The company must also maintain a “principal office” in one of these specially designated areas.
The program’s benefits for HUBZone-certified companies include:
- Competitive and sole source contracting
- 10 percent price evaluation preference in full and open contract competitions as well as subcontracting opportunities
- The federal government has a goal of awarding 3 percent of all dollars for federal prime contracts to HUBZone-certified business concerns.