Here’s another way to earn sole source government contracts. You don’t even have to be a minority business owner to participate in the HUBZone Program. Let’s see if you or someone you know would benefit.

Launched in 1998, the HUBZone Program is a nationwide federal contracting program aimed at stimulating growth in economically disadvantaged communities. HUBZone serves business owners who operate in economically underprivileged areas. If you do business in South Florida (regardless of your minority status), it is likely that you qualify for this program.

HubZone Program: Benefits and Opportunities

Our government would rather see local businesses (over national and global corporations) make a difference in their own neighborhoods. Ultimately, this practice improves the economy of less privileged areas from the inside out, breaking the perpetuation of poverty.

Year HUBZone Contracting Dollars
2000 $44 Million
2007 $1.7 Billion
2011 $9.9 Billion
2014 $6.7 Billion

Members of the HUBZone program receive:

The federal government has vowed to offer at least 3% of ALL contract dollars to those in the HUBZone program. For example, federal agencies have spent over $1.2 billion in the commercial and institutional building construction industry alone.

How You Qualify:

Here are some of the requirements you’ll need to meet to participate:

HubZone Program

HUBZones can be found in both urban and rural areas; therefore, if you work in a smaller city, take a look at the interactive Exclusive HUBZone Government Contracts map on the Small Business Association (SBA) website.

There are pockets of HUBZones all over Florida, and in places such as Puerto Rico, the SBA announced new qualified HUBZones where 82% of the island received HUBZone designation.

 

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