Congress created the HUBZone Program in 1997 as a way to rejuvenate low income and high unemployment areas. By providing small businesses with a Federal contracting program as an incentive to hire employees within this low income zones and reinvest in their local communities. This program is mandated by all federal government agencies that have at least one contracting officer. As an added benefit Congress also revised the Subcontracting Program to include HUBZone businesses.
As a result, any government contractor that is required to have a subcontracting plan will have to address how they plan to hire HUBZone small businesses to meet their subcontracting plan requirements.
Learn more about this program by listening to the podcast.
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