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How Can the SBA HUBZone Program Help Me Get Government Contracts?

* From  Date: Tuesday, February 19 2008

The HUBZone Program, created by the SBA Reauthorization Act of 1997, helps promote economic development by prioritizing government contracts in underutilized business zones. To qualify for HUBZone contracts, your business must first be certified as a small business under Small Business Administration standards. In addition, your business must be at least 51 percent owned by U.S. citizens, be located within a HUBZone, and have at least 35 percent of its workers living in a HUBZone. The HUBZone Program's primary goal is to get 3 percent of all government agency contracting, which means that your chances of gaining government contracts can increase by this much, giving your business a competitive edge.

Understanding Financial Statements
Host Hattie Bryant of Small Business School interviews Jim Schell of Opportunity Knocks, a consulting company based in Bend Oregon; Nani Waddoups of R. Wagner Arts, a custom interior finishing company based in Portland, Oregon.