The majority of the City of College Park is qualified for the Historically Underutilized Business Zones (HUBZone) program which helps small businesses in urban and rural communities gain preferential access to federal procurement opportunities. These preferences go to small businesses that obtain HUBZone certification in part by employing staff who live in a HUBZone. The company must also maintain a "principal office" in one of these specially designated areas.
Characteristics of a HUBZone
The areas in College Park that are qualified for HUBZone Businesses are shown in the map below. Due to the City of College Park's large student population, we expect College Park to remain a qualified census tract for the forseeable future.
What Makes a Business Eligible for the HUBZone Program?
To qualify for the program, a business (except tribally-owned concerns) must meet the following criteria:
It must be a small business by SBA standards
It must be owned and controlled at least 51% by U.S. citizens, or a Community Development Corporation, or an agricultural cooperative or an Indian tribe
Its principal office must be located within a “Historically Underutilized Business Zone,” which includes lands considered “Indian Country” and military facilities closed by the Base Realignment and Closure Act
At least 35% of its employees must reside in a HUBZone
Visit Understanding the HUBZone Program for more information about the program.
Benefits of the HUBZone Program
The program’s benefits for HUBZone-certified companies include
Competitive and sole source contracting
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.
To Apply for HUBZone
To apply for the HUBZone program visit, Applying for the HUBZone Program for instructions and the online form. To look for HUBZone opportunities click here. In the search, choose the set-aside code as "HUBZone."
Maintain Your HUBZone Certification
If you are already a part of the HUBZone program, that is great news. Just remember that the HUBZone certification is not permanent. To learn how to recertify or decertify, visit Maintaining the HUBZone Certification.
Finding Your HUBZone Space
For spaces available for sale or lease within the HUBZone area, please speak with the City Economic Development Coordinator Ryan Chelton at 240-487-3543 (email@example.com).