HUBZONE CONTRACTING TRENDS FOR 2023

Published: 07/21/2023

Description

First authorized in 1997, the Small Business Administration's HUBZone program provides contracting assistance to small businesses located in economically distressed communities, referred to as Historically Underutilized Business Zones, or HUBZones. This free report provides an overview of the HUBZone contracting landscape, including insights into spending trends and opportunities. What's Inside:  Produced by GovWin's industry-leading analysts, this research provides an overview of the federal government's current focus on enabling the success of small businesses located in Historically Underutilized Business Zones, or HUBZones. Review the report to equip your government contracting organization with critical knowledge and to access exclusive resources such as an overview of the HUBZone program, top agencies, top industries, multiple award vehicles awarding contract dollars to HUBZone firms and top opportunities. “GovWin IQ took us from 0 to 100 in terms of understanding the federal marketplace.” - Verified Users in the Security and Investigations Industry via G2 Review To Qualify for the HUBZone Program, Your Business Must: Meet the SBA's Size Standards Be small in size according to the SBA's size standards and at least 51% owned and controlled by U.S. citizens. Meet Office Location Requirements Be able to prove that its principal office is located within a designated HUBZone. Meet Employee Location Rules Be able to prove that at least 35% of its employees live within the HUBZone. 2028 The HUBZone map is updated every five years to allow firms to make investments and promote stability within designated areas. The next HUBZone map update is scheduled for 2028 and will reflect changes to Qualified Census Tracts (QCTs) and Qualified Non-Metropolitan Counties (QNMCs). Download Now >>

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