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Federal HUB Zone | Hampton, VA

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Federal HUB Zone | Hampton, VA – Official Website







About

The City of Hampton has an space designated as Federal Historically Underutilized Business Zone (HUBZone), which encompasses sections inside the metropolis. The United States Small Business Administration (SBA) manages this program and areas are designated primarily based on poverty and unemployment standards. HUBZone designated areas can change each six to 9 months. To see if your enterprise is positioned in a HUBZone, please assessment the HUBZone Map.

If you’ve extra questions, please contact the Hampton Dept. of Economic Development at 757-727-6237.

The HUB Zone Empowerment Contracting Program is for small firms that function and make use of folks in HUBZones. The HUBZone program was created in response to the HUBZone Empowerment Act created by the US Congress in 1998. Small companies shall be designated as HUBZone licensed in the event that they meet the next standards:

  • The agency’s principal workplace (the placement the place the best variety of staff carry out their work, excluding contract websites) have to be in a HUBZone (HUBZone Map).
  • The agency have to be a small enterprise primarily based on the North American Industry Classification System (NAICS) for measurement requirements.
  • 35% of the agency’s whole workforce should reside in a HUBZone.
  • The enterprise have to be not less than 51% owned and managed by U.S. residents, or a Community Development Corporation, an agricultural cooperative, or an Indian tribe (together with Alaska Native Corporations).

Federal Contract Opportunities

There are 4 (4) varieties of HUBZone contract alternatives:

  1. Competitive: Contracts may be set-aside for HUBZone competitors when the contracting officer has an affordable expectation that not less than two certified HUBZone small enterprise issues (SBCs) will submit provides and that the contract shall be awarded at a good market value.
  2. Sole-source: HUB Zone contracts may be awarded if the contracting officer determines that:
    • just one certified HUB Zone SBC is accountable to carry out the contract
    • Two or extra certified HUB Zone SBCs will not be more likely to submit provides, and
    • the anticipated award value of the proposed contract, together with choices, is not going to exceed: $5 million for a requirement inside the North American Industry Classification System (NAICS) code for manufacturing or $3 million for a requirement inside all different NAICS codes.
  3. Full and open: Competitive contracts may be awarded with a value analysis choice. The provide of the HUBZone small enterprise should not be 10 p.c increased than the provide of a non-small enterprise.
  4. Subcontracting: All subcontracting plans for giant enterprise Federal contractors should embody a HUBZone subcontracting objective.

Other Specialized Assistance

Eligible HUBZone companies (which might be additionally positioned in an Enterprise Zone) might qualify for increased SBA-guaranteed surety bonds for building and repair contract bids.




















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