Better Direct prides itself on being a certified HUBZone small business. Often times our clients are not aware of what a HUBZone is and I would like to take a minute to outline what it is and how you qualify.
The Historically Underutilized Business Zones (HUBZone) program was enacted into law as part of the Small Business Reauthorization Act of 1997.
The program falls under the auspices of the U.S. Small Business Administration. The program encourages economic development in historically underutilized business zones – “HUBZones” – through the establishment of preferences.
How does a Business Qualify as a HubZone.
- It must be a small business by SBA standards
- It must be owned and controlled at least 51% by U.S. citizens, or a Community Development Corporation, an agricultural cooperative, or an Indian tribe
- Its principal office must be located within a “Historically Underutilized Business Zone,” which includes lands considered “Indian Country” and
- military facilities closed by the Base Realignment and Closure Act
- At least 35% of its employees must reside in a HUBZone
Hopefully this helps! For more information, please feel free to contact me!
(866) 921-3858 x246