By Mariana Pardo SBA’s Historically Underutilized Business Zone, or HUBZone Program, helps small businesses in urban and rural communities gain preferential access to government contracting opportunities. If your business is located in an area where business development and growth has been fairly limited, you may qualify. Location, location, location The first step to determining your HUBZone Program eligibility is to locate your place of business on our HUBZone maps. By entering your address, you can quickly find out if your business operations are in a HUBZone. You’ll see a clear message on the results screen telling you whether the location is or is not qualified. Am I eligible? Once you determine that your business is located in a HUBZone, there are a few additional eligibility requirements to consider. Generally, businesses must: Be a small business by SBA standards Be owned and controlled at least 51% by U.S. citizens, a Community Development Corporation, an agricultural cooperative or an Indian tribe Have its principal office within a HUBZone, which includes lands considered “Indian Country” and military facilities closed by the Base Realignment and Closure Act – Note: HUBZone regulations define “principal office” as the location where the greatest number of the concern’s […]
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