The Administrator of the U.S. Small Business Administration, Maria Contreras-Sweet, announced the launch of Destination: HUB. For over 17 years, the HUBZone program has served as one of SBA’s signature initiatives and has helped small businesses in urban and rural communities gain preferential access to federal procurement opportunities.
The program encourages economic development and employment growth in distressed areas by providing opportunities for firms to become active participants in the federal supply chain.
Destination HUB will consist of three major components:
- an in-depth examination of successes and needs in the HUBZone program;
- analysis of ideal situations for successful HUBZone collaboration, harnessing the power of public-private partnerships and market research to recruit more firms for HUBZone participation; and
- launching a broad grassroots educational initiative, together with community organizations, faith leaders, local economic development, and key stakeholders, to encourage participation in and inspire collective ownership of, the HUBZone program, at both the regional and national levels.
Destination: HUB will promote and highlight HUBZones for opportunities in federal procurement.
“More than any other SBA initiative, the HUBZone Program has been a critical resource, creating jobs, alleviating poverty and reducing unemployment in our nation’s most vulnerable communities. The program has had a transformational effect on small businesses all across the country. SBA’s Destination: HUB will put a spotlight on our underserved small businesses and promote HUBZones as ideal places for government contractors to do business,” said Contreras-Sweet.
To see if your area is a designated HUBZone and to apply for the program, visit www.sba.gov/content/applying-hubzone-program.