Page 2
The HUBZone program is also designed to stimulate investments, creation of jobs, and economic development and improvement in both rural and urban communities through the provision of federal contracting preferences to firms that are recognized by the Small Business Administration as an accredited HUBZone business.
|
The Small Business Administration has established the Historically Underutilized Business Zones (HUBZone) Empowerment Contracting Program wherein they aim to provide federal contracting assistance to eligible small business corporations which are located in underutilized business zones so as to improve their employment opportunities, investments, and their area's economic development. The Small Business Administration will identify which businesses are eligible to receive HUBZone contracts and will then maintain a list of qualified HUBZone small businesses which federal agencies can then use to locate them. |
|
|
In order to be considered eligible to apply for the Historically Underutilized Business Zones (HUBZone) Empowerment Contracting Program, the applicant must be:
a) Classified as a small business as defined by SBA standards
b) Owned and controlled (at least 51st percent) by one or more US citizens, a Community Development Corporation, an agricultural cooperative or an Indian tribe
c) Located in a HUBZone area
d) Certify that at least 35% of its employees/workers are living in the HUBZone area.
The Small Business Administration has constantly been working towards the maintenance and improvement of the nation's economy by providing protection, assistance, and counseling to the interests of small business establishments.
In the fiscal year 2004, over 2,294 business were certified as HUBZone qualified small businesses.
Historically Underutilized Business Zones - HUBZone Empowerment Contracting Program
Back to Page 1
About The Author Michael Saunders is an editor of TopGovernmentGrants.com one the the most comprehensive Websites offering information on government grants and federal government programs. He also maintains Websites providing resources on environmental grants and grants for youth programs. |
Additional Government Grants Resources
Early-Grade Reading Improvement Interventions Program
In line with this mission, the USAID has developed the Early-Grade Reading Improvement Interventions Program wherein they seek to solicit interventions that would improve the reading achievements in the early grades in Latin America and in the Caribbean region.
Getting Money to Start a New Business
Starting a new business can be an exciting venture -- unfortunately, it can also be quite expensive as well. In order to get the money that you need to get your business off of the ground, you might be...
Department of the Interior: Community History of Former Village Sites in the Nabesna District Project
The article is about the Department of the Interior's Community History of Former Village Sites in the Nabesna District Project
Small Business Grants - Support for Veterans
The SBA is dedicated to lend a hand to the service people in America and directly links with the Patriot Express Loan for veterans who desire to initiate their own business and want to start commercial activities. The SBA also plays a role in encouraging growth and job creation during the process, which is an indispensable part to support economic prosperity.
Telehealth Resource Center Grant Program
The Health Resources and Services Administration has recently constituted the establishment of the Telehealth Resource Center Grant Program, also referred to as the TRCGP.
Medical Tropical Research Laboratory Program Infectious Disease Research Award
AFRIMS has recently announced the WRAIR Medical Tropical Research Laboratory Program(MTRLP) Infectious Disease Research Award(IDRA), a funding opportunity which solicits proposals that aim to tackle basic, preclinical and clinical research of emerging infectious diseases in Thailand and a certain region in Southeast Asia.
Secondary Market Lending Authority Program
The Small Business Administration has constituted the Secondary Market Lending Authority program, one which aims to provide liquidity for the secondary market, thereby ultimately encouraging new lending opportunities from banks of Small Business Administration guaranteed loans.
Social Entrepreneurship
Spotlight
Exploring The Entrepreneurial Mindset – Their Approaches To Tackling Social Change
Jean Case, CEO of the Case Foundation, defines the meaning of social entrepreneurship, and explores the entrepreneurial mindset and approach of social entrepreneurs in dealing with social challenges.
