Programs

 

SBA HUBZone Designation for Chestertown, MD

hubzone map

The HUBZone Contracting Program stimulates economic development and creates jobs in urban and rural communities by providing Federal contracting preferences to small businesses. These preferences go to small businesses that meet specific criteria:

  • Employ 35% of staff who live in a HUBZone
  • Maintain a "principal office" in a HUBZone
  • It must be owned and controlled at least 51% by U.S. citizens, or a Community Development Corporation, an agricultural cooperative, or an Indian tribe

The SBA regulates and implements the HUBZone program. SBA does the following:

  • Determines which businesses are eligible to receive HUBZone contracts
  • Maintains a listing of qualified HUBZone small businesses that federal agencies can use to locate vendors
  • Adjudicates protests of eligibility to receive HUBZone contracts
  • Reports to the Congress on the program's impact on employment and investment in HUBZone areas.

Benefits of the HUBZone Program

The program’s benefits for HUBZone-certified companies include:

  • Competitive and sole source contracting
  • 10% price evaluation preference in full and open contract competitions, as well as subcontracting opportunities

The federal government has a goal of awarding 3% of all dollars for federal prime contracts to HUBZone-certified small business concerns. See https://www.sba.gov/federal-contracting/contracting-assistance-programs/hubzone-program for maps and information.

 

If you are eligible, visit Applying for the HUBZone Program, as well as Maintaining the HUBZone Certification.

 

 

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