What Are Hub Zones

Historically Underutilized Businesses (HUB) Zones are areas designated by the Federal Government as being economically depressed.  In an effort to stimulate growth in those areas the government provides incentives for businesses to setup and operate in those areas.  The program is managed by the Small Business Administration (SBA).  The SBA provide HUB Zone Certifications.

You can view the designated HUB Zone areas by using the link at the SBA’s website.

 

Organization

Requirements

Benefits

SBA HUB Zone Certification

Have office in HUB Zone

 

Employ staff who live in the HUB Zone (35%)

 

Meet SBA Small Business Requirement.

 

It must owned and controlled at least 51% by U.S. citizens, or a Community Development Corporation, or an agricultural cooperative or an Indian tribe.

Preferential treatment in government contracting through set-aside programs, Price evaluation preference and sole source.

 

Some municipalities offer additional incentives to that offered by the federal government.