HUBZone Set-Aside
Overview
The HUBZone program fosters economic development in historically underutilized business zones. It provides contracting preferences to certified businesses in these areas.
Eligibility
- Must be a certified HUBZone business.
- Principal office must be located in a HUBZone.
- At least 35% of employees must reside in a HUBZone.
Benefits
- Competitive and sole-source contracting opportunities.
- 10% price evaluation preference in full and open contract competitions.
Regulations
Detailed in FAR 19.13, this program supports job creation and community revitalization.