THE HUBZONE PROGRAM
THREE OF THE FOUR special small business contracting programs require your company to be owned and controlled by a certain person: a disadvantaged individual, service-disabled veteran, or woman. Not so for the Historically Underutilized Business Zone, or HUBZone Program. HUBZone eligibility depends on whether your company and its employees are located in a HUBZone, that is, an area of the country classified by the government as economically disadvantaged due to high unemployment, poverty, or similar conditions. For this reason, participating in the HUBZone Program can be a particularly good option if your small business does not qualify for one of the other three programs (although if it does, you can still participate in this program).
The HUBZone Program offers important contracting advantages to participants. Each year, the government strives to award 3 percent of prime contracting dollars to HUBZone firms. Three percent is big business—around $15 billion annually. To reach its goal, the government sets aside many procurements exclusively for competition among HUBZone small businesses, and even awards some smaller