Did you know that at the end of 2016 and in early 2017 there were map changes to the qualified HUBZone areas throughout the U.S., including Iowa?
Iowa has a number of counties that have increased areas that are now HUBZone qualified![Read More ...]
Iowa HUBZone Facts:
- Twenty businesses in Iowa are currently HUBZone qualified (2016 – 15 qualified businesses)
- $17.7 million dollars were awarded to Iowa HUBZone businesses in 2016
Referenced below are counties that have qualified HUBZone areas. Please keep in mind there are designated areas within the county, and HUBZone status is not applicable to the county in its entirety.
|Appanoose County||Lee County||Story County|
|Black Hawk County||Linn County||Tama County|
|Bremer County||Lucas County||Union County|
|Cerro Gordo County||Mahaska County||Wapello County|
|Clinton County||Marshall County||Webster County|
|Dallas County||Montgomery County||Woodbury County|
|Davis County||Muscatine County||Indian Reservations|
|Decatur County||Polk County||Omaha IA|
|Des Moines County||Pottawattamie County||Winnebago IA|
|Dubuque County||Poweshiek County||Sac and Fox/Meskwaki IA|
|Johnson County||Scott County|
HUBZone Overview – Federal Preference Program
The Historically Underutilized Business Zones (HUBZone) program was enacted into law as part of the Small Business Reauthorization Act of 1997. The program falls under the auspices of the U.S. Small Business Administration. The program encourages economic development in historically underutilized business zones – “HUBZones” – through the establishment of preferences.
SBA’s HUBZone program is in line with the efforts of both the Administration and Congress to promote economic development and employment growth in distressed areas by providing access to more federal contracting opportunities.
- Competitive and sole source contracting – Federal Contracting, Direct
- 10% price evaluation preference in full and open contract competitions – Federal Contracting, Direct
- Opportunities with large prime contractors that hold small business subcontracting plans, as they have HUBZone goals within the plan – Federal Contracting – Indirect
Requirements (Determine if you meet ALL the eligibility requirements below)
- Must be a small business by SBA standards
- Must be owned and controlled at least 51 percent by U.S. citizens, a Community Development Corporation, an agricultural cooperative, or an Indian tribe
- Principal office must be located within a “Historically Underutilized Business Zone” https://maps.certify.sba.gov/hubzone/map
- At least 35 percent of your employees must reside in a HUBZone
If you would like to learn more about the HUBZone program, feel free to reach out to your local Government Contracting Specialist. I can be reached at email@example.com or 319-310-8612.
Retrieved from HUBZone Program. (n.d.). In SBA Contracting.