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"United We Stand"
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Asian American Business Roundtable (AABR)
Rawlein G. Soberano. Ph.D., President
20224 Thunderhead Way Suite B
Germantown, MD 20874
Phone: (301) 601-9038
Toll Free: 1-866-215-4365 (PIN# 4766)
Fax: (301) 601-9430
Email: aabr89@aol.com
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HUBZone Program
Where did it come from?
The HUBZone Program was established pursuant to the HUBZone Act of 1997 (HUBZone
Act), Title VI of the Small Business Authorization Act of 1997, Public Law
105-135 enacted December 2, 1997. The legislation was a bipartisan effort
between Senator Kit Bond, then Chairman of the Senate Small Business
Committee, and Senator John Kerry, the Ranking Member of the Committee.
Purpose of the Program?
The HUBZone Program is intended to stimulate historically underutilized
business zones through job creation and capital investment. It s intended to
do this through the provision of federal contracted preferences to qualified
small businesses located in any of the nation's more than 8,000 HUBZone areas.
Criteria for Becoming HUBZone Qualified
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Must be a small business pursuant to SBA size
standard; |
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Must be owned and controlled by one or more
US citizens, a Community Development |
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Corporation (CDC), or Indian tribe; |
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Its principal office must be located in a
HUBZone, except for tribally-owned concerns; |
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At least 35% of its employees must reside in
any area designated as a HUBZone, except for tribally-owned concerns. |
Ease of Application
It has been estimated that an applicant firm can usually complete the
entire application in less than two hours. Another part of the system allows a
computer user who has submitted an application to check it at any time during
the review process. This has proven extremely valuable to these firms, and
contracting officers working with them, in tracking their progress.
Work Sites can be Anywhere
The location of the work site can be anywhere. In short, HUBZone contracts
are not limited just to HUBZone areas.
What HUBZone Provides
The program provides for set-asides, sole-source awards, price valuation
preferences, and subcontracting opportunities for HUBZone small businesses.
All subcontracting plans from large business federal contractors must include
a negotiated HUBZone subcontracting goal. Subcontracting (FAR 19.1704)
Evaluation
HUBZone provides all that 8(a) provides, and more. HUBZone approaches what
8(a) used to be like.
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