1. Your business concern’s principal office must be located in a qualified SBA designated HUBZone. Search the SBA Mapping System to verify if your businesses principal office is located in a SBA designated HUBZone.
– Principal office means the location where the greatest number of the business concern’s employees at any one location perform their work. However, for those business concerns whose primary industry is service or construction, the determination of principal office excludes the business concern’s employees who perform the majority of their work at job-site locations to fulfill specific contract obligations.
2. Your business concern must be at least 51% unconditionally and directly owned and controlled by persons who are US citizens.
– Unconditionally and directly owned means directly owning at least 51% of the business concern.
– Control means both the day-to-day management and long term decision making authority for the business concern.
3. 35% of your business concerns employees must reside in a SBA designated HUBZone. Click here to verify if your employee’s primary residence is located in a SBA designated HUBZone.
– Employee means all individuals employed on a full-time, part-time, or other basis, so long as that individual works a minimum of 40 hours per month. This includes employees obtained from a temporary employee agency, leasing concern, or through a union agreement or co-employed pursuant to a professional employer organization agreement. Volunteers (i.e., individuals who receive deferred compensation or no compensation, including no in-kind compensation, for work performed) are not considered employees. However, if an individual has an ownership interest in and works for the HUBZone SBC a minimum of 40 hours per month, that owner is considered an employee regardless of whether or not the individual receives compensation.
– Reside means to live in a primary residence at a place for at least 180 days, or as a currently registered voter, and with the intent to live there indefinitely. A driver’s license will suffice for proof of residency.
4. Your business concern must be classified as a small business as defined by the SBA.
– Small business means the business concern, with its affiliates, must meet the size standard corresponding to its primary industry classification.
5. Certify that when performing a HUBZone contract, at least 35% of its employees engaged in performing that contract will reside within a SBA designated HUBZone.
For more information on the SBA HUBZone program and assistance with your HUBZone Application please visit our website.