The Small Business Administration maintains and strengthens the nation's economy by aiding, counseling, assisting and protecting the interests of small businesses and by helping families and businesses recover from national disasters.
HUBZone small businesses certified annually: FY 2001 = 2,145; FY 2002 = 2,796; FY 2003 = 2,338; FY 2004 =2,294. Program examinations completed: FY 2004 =505. Contract awards goal accomplishment: FY 2001 = 0.72 percent; FY 2002 = 0.71 percent; FY 2003 =1.24. HUBZone small businesses certified annually: FY 2001 = 2,145; FY 2002 = 2,796; FY 2003 = 2,338; FY 2004 = 2,294. Program examinations completed: FY 2004 = 505. Contract awards goal accomplishment: FY 2001 = 0.72 percent; FY 2002 = 0.71 percent; FY 2003 = 1.24.
Uses and Use Restrictions
The HUBZone Program stimulates capital investment, creation of jobs, and economic development in distressed rural and urban communities by providing Federal contracting preferences to firms certified by SBA as 'qualified' HUBZone small businesses.
To be eligible to participate in the program, a firm must (1) be a small business (as defined by SBA Size Standards), (2) be owned and controlled at least 51 percent by one or more U.S.
citizens, a Community Development Corporation, an agricultural cooperative 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.
The HUBZone Program is precisely targeted to provide contract opportunities - revenue sources - to firms located in approximately 11,600 metropolitan census tracts, 1,400 non-metropolitan counties, Indian Lands, and 150 areas affected by base closures and realignments.
Application for HUBZone status is accomplished on-line.
Aplication and Award Process
This program is excluded from coverage under E.O.
Applications are made on-line via the Intranet at www.sba.gov/hubzone.
Applicant is notified of program participation approval electronically within 30 days of receipt of a completed application.
Applications for program participation are accepted on an on-going basis.
The HUBZone Act of 1997, the HUBZones in Native America Act of 2000 and the Small Business Administration Authorization and Manufacturing Assistance Act of 2004, and program regulations. 13 CFR 126.100.
Range of Approval/Disapproval Time
Approximately 30 days.
Formula and Matching Requirements
Length and Time Phasing of Assistance
Post Assistance Requirements
On-line re-certification every three years.
FY 07 $6,767,000; FY 08 $7,499,000; FY 09 $8,150,000.
Range and Average of Financial Assistance
Regulations, Guidelines, and Literature
The HUBZone Act of 1997, the HUBZones in Native America Act of 2000, and the Small Business Administration Authorization and Manufacturing Assistance Act of 2004, and program regulations. 13 CFR Part 126. See the HUBZone website: www.sba.gov/hubzone.
Regional or Local Office
Associate Administrator for HUBZone Program, Small Business Administration, 409 Third Street, S.W., Washington, DC 20416.
Criteria for Selecting Proposals
The United Nations Intergovernmental Panel on Climate Change (IPCC) published the first of three volumes of its fifth Assessment Report (AR5). The findings of the report show that mainstream businesses have become greener, with an emphasis on reducing carbon emissions which are the key sectors for impact investment.