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The HUBZone program is also designed to stimulate investments, creation of jobs, and economic development and improvement in both rural and urban communities through the provision of federal contracting preferences to firms that are recognized by the Small Business Administration as an accredited HUBZone business.
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The Small Business Administration has established the Historically Underutilized Business Zones (HUBZone) Empowerment Contracting Program wherein they aim to provide federal contracting assistance to eligible small business corporations which are located in underutilized business zones so as to improve their employment opportunities, investments, and their area's economic development. The Small Business Administration will identify which businesses are eligible to receive HUBZone contracts and will then maintain a list of qualified HUBZone small businesses which federal agencies can then use to locate them. |
In order to be considered eligible to apply for the Historically Underutilized Business Zones (HUBZone) Empowerment Contracting Program, the applicant must be:
a) Classified as a small business as defined by SBA standards
b) Owned and controlled (at least 51st percent) by one or more US citizens, a Community Development Corporation, an agricultural cooperative or an Indian tribe
c) Located in a HUBZone area
d) Certify that at least 35% of its employees/workers are living in the HUBZone area.
The Small Business Administration has constantly been working towards the maintenance and improvement of the nation's economy by providing protection, assistance, and counseling to the interests of small business establishments.
In the fiscal year 2004, over 2,294 business were certified as HUBZone qualified small businesses.
Historically Underutilized Business Zones - HUBZone Empowerment Contracting Program
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About The Author Michael Saunders is an editor of TopGovernmentGrants.com one the the most comprehensive Websites offering information on government grants and federal government programs. He also maintains Websites providing resources on environmental grants and grants for youth programs. |
Additional Government Grants Resources
Health Resources and Services Administration's Licensure Portability Grant Program
The Health Resources and Services Administration has constituted the Licensure Portability Grant Program (LPGP) wherein they aim to improve the experience of State licensing boards that have manifested a credible record in implementing cross-border activities in order to help overcome licensure barriers in the provision of telemedicine services across various States.
Agriculture and Food Research Initiative: National Institute of Food and Agriculture Fellowships Grant Program
The Agriculture and Food Research Initiative grant program revolves around the premise of providing funds to both fundamental and applied research studies, education, and extension that would hopefully address concerns related to food and agricultural sciences.
Connecticut Housing Finance Agency Mortgage Programs for Military, Police and Teachers
The Connecticut Housing Finance Agency has established the Mortgage Programs for Military, Police and Teachers so as to provide reasonable housing opportunities to veterans and active duty service members of the United States Military, the National Guard, along with teachers and police officers who are assigned in under-served areas.
Financing Your Education - Federal Perkins Loans
The Federal Perkins Loan Program helps those undergraduate postsecondary students that cannot afford their educational expenses without financial assistance with a low interest loan. The loan is in place to help them meet their educational expenses to the completion of a postsecondary degree.
Department of Housing and Urban Development: Energy Innovation Funds for Multifamily Pilot Program
The Department of Housing and Urban Development, has recently announced a funding opportunity entitled Energy Innovation Fund: Multifamily Pilot Program.
Energy Innovation Fund is directed towards the discovery of innovations in terms of the residential energy efficiency sector and to help in the development of a standardized home energy efficient retrofit market.
National Science Foundation announces the Cyberlearning: Transforming Education Program
The Cyberlearning: Transforming Education is a program wherein the NSF will provide funding for research proposals that aim to explore opportunities associated with the promotion and assessment of learning techniques through the help of new technologies, taking advantage of the application of those technologies, and the utilization of those technologies in the process of promoting deep and lasting learning of content, practices, skills, attitudes, and dispositions that are essential in becoming an engaged and productive citizen.
Department of Housing and Urban Development: Sustainable Construction in Indian Country Small Grant Program
The Sustainable Construction in Indian Country Small Grant Program is designed to solicit program proposals that contain one of more sets of "Lessons Learned" that will help inform the Native American communities, such as Indian Tribes, regarding the issues and concerns that need to be taken into consideration upon tackling sustainable construction projects in their community.
Social Entrepreneurship
Spotlight
This Social Innovation Helps Prevent Bed Sores in Wheelchair Users
Co-founders William Mann and David Mravyan devised the Sensimat during a mandatory project for their MBA at the Richard Ivey School of Business in Canada. Sensimat is a device that helps manage and assess pressure among wheelchair users.
