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HUBZone is a United States Small Business Administration (SBA) program for small companies that operate and employ people in Historically Under-utilized Business Zones (HUBZones). The HUBZone program was created in response to the HUBZone Empowerment Act created by the US Congress in 1998.[1] Based on the Act, small businesses will be designated as HUBZone certified if they have the following criteria:
The firm must be a small business based on the North American Industry Classification System (NAICS)[2] for size standards.
The business must be at least 51% owned and controlled by U.S. citizens, or a Community Development Corporation, an agricultural cooperative, or an Indian tribe (including Alaska Native Corporations).[3]
The firm's principal office (the location where the greatest number of employees perform their work, excluding contract sites) must be in a HUBZone.
35% of the firm's total workforce must reside in a HUBZone.
On average, about 3,000 entities register for HUBZone certification each year.
^"GC/BD - HUBZone". Archived from the original on 2004-10-14.
^"NAICS has moved!".
^"Applying for the HUBZone Program – The U.S. Small Business Administration – SBA.gov". sba.gov.
Historically Under-utilized Business Zones (HUBZones). The HUBZone program was created in response to the HUBZone Empowerment Act created by the US Congress...
participating in programs such as the 8(a) Business Development Program and HUBZone. In March 2018 the SBA launched the SBA Franchise Directory, aiming to...
in a disadvantaged neighborhood that would allow the company to obtain HUBZone tax credits, however, investigators later said they made several visits...
based in Ocala, Florida, then in Robbins, North Carolina, and now in the HUBZone in Star, North Carolina. For over ten years, it has built a line of military...
2018. "Erica Lane Enterprises, Inc., a Woman-owned, SBA certified 8(a) HUBZone SDB". eleinc.com/. 2006-06-03. Archived from the original on 2006-06-03...
programs of the Small Business Administration, and for other purposes; HUBZone Act of 1997; Small Business Programs Reauthorization and Amendments Acts...
program, supported funding for Small Business Development Centers and the HUBZone program, successfully extended tax relief for Section 179 expensing, and...
and have been reauthorized several times since their implementation. A HUBZone is a Small Business Administration program that provides incentives for...
also used by the Small Business Administration to define boundaries of HUBZones. "Meshblock (Concept)". Statistics New Zealand. 2 February 2016. "Census...
Genetic Information Nondiscrimination in Health Insurance Act of 2000; HUBZones in Native America Act of 2000; Independent Agencies Appropriations Act...
Office of Small Business Programs includes veteran-owned, service-disabled, HUBZone, small disadvantaged, and women-owned small businesses. Systems Engineering...
businesses, 5 percent for women-owned small businesses and 1.5 percent for HUBZone small businesses. Since its inception, NMCI has exceeded the minimum 40%...
Global Information