59.055: HUBZone Program
Overview
Program Number
59.055
Status
Inactive
Last Modified
Aug. 28, 2019
Date Posted
Sept. 12, 2018
Objective
The purpose of the HUBZone program is to provide federal contracting assistance for qualified small business concerns (SBCs) located in Historically Underutilized Business Zones in an effort to increase employment opportunities, investment, and economic development in such areas.
Type of Assistance
Z - Salaries and Expenses
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 at least 51% owned and controlled by one or more U.S. citizens, a Community Development Corporation, an agricultural cooperative, a Native Hawaiian Organization, 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 19,467 qualified census tracts, 767 qualified non-metropolitan counties, 593 qualified Indian Lands, 108 qualified base closure areas, and 37 Qualified Disaster Areas.
Grant Awards
HUBZone Program direct grants
Grant Opportunities