You might be asking yourself, “Uh, how do I know if I am a HUBZone resident? And also, what exactly is a HUBZone?”
The Historically Underutilized Business Zones (HUBZone) Empowerment Contracting Program is a program designed to stimulate economic development and create jobs in urban and rural communities. Some of these areas qualify because 50 percent or more of the households in that area have an income which is less than 60 percent of the area’s median gross income in a given year. Another way to qualify is if the area has a poverty rate of at least 25 percent. The HUBZone Program provides federal contracting opportunities to small businesses located in, and hiring employees from HUBzones. The underlying purpose of the program is to revitalize those areas and increase employment opportunities for its residents.
A Map of HUBZone locations may be found here. Simply click on the map, type in your address, and it will let you know if you live in a HUBZone.
