Historically Underutilized Business Zones - HUBZone Empowerment Contracting Program
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.

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 Resources

category - Small Business Grants

Small Business Administration's Small Business Investment Companies
The Small Business Investment Companies Program revolves around the notion of developing privately owned and managed investment companies which will be licenses and regulated by the Small Business Administration, so as to provide equity capital, long term loans, and advisory services to small business requiring such services.

---

Federal and State Technology Partnership Program
The Federal and State Technology Partnership Program works around the objective of being able to boost and strengthen the technological competitiveness of small business establishments in the United States of America.

---

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.

---

Small Business Administration's Recovery Capital Loans
The Recovery Capital Loans Program provides financial assistance to small business with less than 500 employees to obtain a deferred payment loan from the agency, in order to meet existing debt payments, thereby giving the business the opportunity to refocus their business strategy.

---