How are HUBZones designated?
It is a geographical location identified and designated by the SBA as an area that is and has been historically underutilized by businesses. SBA uses information and data from multiple federal sources to determine HUBZone designated status. The way SBA uses this data to determine HUBZone areas is established by law.
What is Naics size standard?
Your NAICS code size standard is determined by either your business size in number of employees, or receipts in millions of dollars within an industry. Generally speaking, size standards are the average annual receipts or the average number of employees of a company within an industry.
What is a HUBZone qualified census tract?
Qualified Census Tract (QCT) • A census tract is a statistical subdivision of counties that may include just a. few neighborhoods in a city or, in rural areas, may include several towns. • HUD designates Qualified Census Tracts (QCTs)for purposes of the Low- Income Housing Tax Credit (LIHTC) program.
What is SBA HUBZone map?
The HUBZone Mapping Application assists you in finding out whether or not a particular business location or employee residential location is within a HUBZone. You can also use HUBZone Mapping to find out what HUBZone areas are found within a larger area of interest.
Are owners considered employees SBA?
An owner is considered an employee if the owner work a minimum of 40 hours per month; regardless of whether or not the individual receives compensation.
Can a large business Be a HUBZone?
The company must be at least 51% unconditionally and directly owned and controlled by United States citizens; The company must be a small business under its primary NAICS code; The company’s principal office must be located in a HUBZone; and. At least 35% of the concerns employees must live in a HUBZone.
How do I find HUBZone companies?
How to find HUBZone contractors
- Get personal assistance from the SBA’s government contracting area offices or from Procurement Technical Assistance Centers.
- Contact your agency’s Office of Small & Disadvantaged Business Utilization or your Agency Small Business Specialist.
What is a CDC HUBZone?
HUBZone Program HubZone is an SBA program that supports small businesses that operate and employ people in Historically Underutilized Business zones (HUBZones).
How do I check my HUBZone status?
How can I check the status? The application system available on the web (www.sba.gov/hubzone) has a built-in function that allows an applicant to check the status at any time. Just activate the certification function on the opening page and select the “Check Application Status” operation.
What is HUBZone small business?
The Historically Underutilized Business Zones (HUBZone) program helps small businesses in urban and rural communities gain preferential access to federal procurement opportunities. These preferences go to small businesses that obtain HUBZone certification in part by employing staff who live in a HUBZone.