What is HUBZone?
According to the U.S. Small Business Association: “The Historically Underutilized Business Zones (HUBZone) program helps small businesses in urban and rural communities gain preferential access to federal procurement opportunities.” Whether you are managing an IT project at a Federal agency or you are a contracting officer, it is important for you to understand how to apply the requirements of the HUBZone Program to help acquire funds and meet requirements to work with HUBZone certified small businesses.
Kinney Group’s HUBZone Status Information
(Last updated 06/15/2017) The U.S. Small Business Association (SBA) states that Kinney Group is a HUBZone Certified Small Business.
The Power of Leveraging HUBZone Status
HUBZone Certified Small Businesses have contracting leverage that other IT partners and vendors may not. The status provides quick and favorable options, typically for Federal Agencies and occasionally for commercial entities. The program’s benefits include:
- Competitive and sole source contracting options are available.
- 10% price evaluation preference in full and open contract competitions, as well as subcontracting opportunities.
The federal government has a goal of awarding 3% of all dollars for federal prime contracts to HUBZone certified small business concerns.
Who to Align to Leverage HUBZone Status on Your Initiative
Align these three entities:
- Contracting Office
- Agency’s Small Business Office
- End user requestor
SBA.gov resources always provide the best, most updated information on HUBZone. If you are a contracting officer or an end-user trying to learn more about leveraging this status to help fund your technology initiative, go to the landing page here: https://www.sba.gov/contracting/contracting-officials/hubzone
Contact us to provide critical insight on how a HUBZone small business status can expedite or ease procurement efforts.