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To
participate in the HUBZone Empowerment Contracting Program, a
concern must be determined to be a "qualified HUBZone
small business concern." A firm can be found to be a
qualified HUBZone concern, if:
It is small.
It is located
in an "historically underutilized business zone"
(HUBZone).
It is owned
and controlled by one or more U.S. Citizens.
At least 35%
of its employees reside in a HUBZone.
What
is a HUBZone?
A
"HUBZone" is an area that is located in one or more
of the following:
A
qualified census tract (as defined in section 42(d)(5)(C)(i)(1)
of the Internal Revenue Code of 1986);
A
qualified "non-metropolitan county" that is: not
located in a metropolitan statistical area (as defined in
section 143(k)(2)(B) of the Internal Revenue Code of 1986),
and
in
which the median household income is less than 80 percent
of the non-metropolitan State median household income, or
that
based on the most recent data available from the Secretary
of Labor, has an unemployment rate that is not less than
140 percent of the statewide average unemployment rate for
the State in which the county is located;
Lands
within the external boundaries of an Indian reservation.
If you
would like to determine if your business is located within a
HUBZone, the SBA web site allows you to enter your company's
address, then it will tell you if you are in a HUBZone. You
can access this site from Here. |