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00 If for any reason you are not able to supply the complete financial information please explain why SECTION E - HUBZONE EMPLOYMENT-INDIVIDUAL EMPLOYMENT DATA The applicant concern has researched the resident status of its employees and has determined that at least 35 of 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 are HUBZone residents employment records as of the date of this application and will ensure that ...

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What are the benefits of being HUBZone certified?

A HUBZone Certification gives a business a 10% pricing advantage over its competition bidding on the same government contract. When federal contracting officers are purchasing off GSA Advantage, often times a HUBZone reseller of a product is less expensive than the manufacturer because of this 10% price preference.

How many HUBZone companies are there?

There are about 7,700 HUBZone companies, and they compete for about $2 billion in HUBZone set asides.

Is Baltimore a HUBZone?

HUBZone certification enables a business to be more competitive in contracting and procurement opportunities with the Federal government. A substantial amount of land in Baltimore City\u2014more than 15,000 acres\u2014is in the HUBZone.

How many HUBZone companies are there?

The HUBZone program was created as Congress sought to stimulate development in economically distressed areas nationwide by steering billions of dollars worth of federal contracts. There are more than 6,500 businesses in the program across the country.

Is HUBZone frozen until June 2023?

Creating predictability with HUBZone designations: All HUBZone maps are frozen through June 30, 2023 and will now be updated every five years.

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Is HUBZone frozen until June 2023?

Good news for HUBZone businesses located in expiring HUBZone areas, the map will be extended from Dec. 31, 2021 to June 30, 2023 \u2013 giving these businesses an extra 18 months to determine their next steps.

How do you determine if you are in a HUBZone?

To determine the eligibility of a business or residence, follow these steps: Type the address into the search bar and click or tap search. Check to make sure the search found the right address. Read the qualification status. Open a printable copy of the results.

What is a HUBZone certified business?

HUBZone is a company level diversity certification referring to the Historically Underutilized Business Zone program that helps small businesses located in distressed areas gain preferential access to federal procurement opportunities.

What qualifies you as a HUBZone?

HUBZone Qualified Counties located in non-metropolitan areas that meet at least two of the socio-economic criteria: household income (Census Bureau), unemployment rate (Bureau of Labor Statistics), and difficult development areas (Department of Housing and Urban Development).

Who designates HUBZone?

Under the new HUBZone rule, a governor may submit one petition per year requesting that SBA designate certain qualifying areas, including Opportunity Zones as Governor-Designated Covered Areas.

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