Hubzone Act

Topics: Business, Small business, Contract Pages: 3 (698 words) Published: January 27, 2013
The Historically Underutilized Business Zone (HUBZone) Act
Strayer University

1. Determine how the federal government encourages small businesses and how passing of “ The Historical Underutilized Businesses Zone (BUBZone) Act, 15 U.S.C. 631 of 1997, increase the chances of landing a government contract. The Historically Underutilized Business Zone (HUBZone) Empowerment Contracting program, which was enacted into law as part of the Small Business Reauthorization Act of 1997, provides federal contracting assistance and opportunities for qualified small located in distressed historically, known as “HUBZones” Among other things, it allows small firms located in many urban or urban areas to qualify for sole-source and other types of federal contract benefits. The underlying purpose of the program is to encourage economic development and increase employment opportunities. The HUBZone program falls under the auspices of the Small Business Administration (SBA), which is responsible foe implementing the program and determining which businesses are eligible to receive HUBZone contract. SBA maintains a listing of qualified HUBZone small businesses that federal agencies can use to locate vendors and also adjudicates protests of eligibility to receive HUBZone contracts. SBA is responsible for reporting to Congress on the program’s impact on employment and investments in the HUBZone areas. There are four types of contracts benefits that HUBZone certified business can qualify for: A competitive HUBZone contract can be awarded if the Contracting Officer has a reasonable expectation that at least two qualified HUBZone small businesses will submit offers and that the contract can be awarded at a fair market price.

A sole-source HUBZone contract can be awarded if the Contracting Officer does not have a reasonable expectation that two or more qualified HUBZone small businesses will submit offers, determines that the qualified HUBZone small...
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