HUBZone Ceritification – You Need It For Your Business.HUBZone is a United States Small Business Administration (SBA) program for small companies that operate and employ people in Historically Underutilized Business Zones (HUBZones). The HUBZone program was created in response to the HUBZone Empowerment Act created by the US Congress in 1998 . Based on the Act, small businesses will be designated as HUBZone certified if they have the following criteria:
1) The firm must be a small business based on the North American Industry Classification System (NAICS)[ for size standards.
2) The business must be at least 51% owned and controlled by citizens of the United States.
3) The firm’s principal office (the location where the greatest number of employees perform their work, excluding contract sites) must be in a HUBZone.
4) 35% of the firms total workforce must reside in a HUBZone
HUBZone Ceritification is an essential element for your small business. If you meet the requirement you should invest the time in trying to become certified. Below is a podcast of the show on HUBZone.