The main requirement is the business must be located in a "Historically Underutilized Business Zone" or a HUBZone.Other requirements for HUBZone certification include:
- The business must be 51% owned and controlled by: U.S. citizens, Community Development Corporation, An agricultural cooperative; or an Indian tribe
- Its Principal Office must be located within a “Historically Underutilized Business Zone,”
- The business must be legally organized and in good standing to do business as required by all applicable federal, state, county, or city regulations in which the applicant operates.
- At least 35% of its employees must reside within a HUBZone (including the owner). Reside means to live in a primary residence for at least 180 days, or as a currently registered voter, with the intent to live there indefinitely. This can be any HUBZone – it does not need to be the same as the Principal Office.
- Cannot be owned by an irrevocable trust. Trust must be revocable, where the majority owner is the grantor, the trustee, and the sole current beneficiary of the trust.
For more information on HUBZone certification: Click Here.
To download the HUBZone Spec Sheet: Click Here.