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Economic Development

 

 

SBA HUBZone ("Historically Underutilized Business Zone")

Administered by the United States Small Business Administration, the purpose of the “HubZone” Empowerment Contracting Program is to stimulate economic development and create jobs in urban and rural communities by providing Federal contract preferences to small businesses.

What is a HUBZone? 

A HUBZone is an area that is situated in one or more of the following:  

  • A qualified census tract (as defined in section 42(d)(5)(C)(i)(I) of the Internal Revenue Code of 1986);

  • A qualified “non-metropolitan county” (as defined in section 143(k)(2)(B) of the Internal Revenue Code of 1986) with a median income of less than 80 percent of the State median household income or with an unemployment rate of not less than 140 percent of the statewide average, based on U.S. Department of Labor recent data; or

  • Lands within the boundaries of federally recognized Indian reservations.

These are the twelve qualified HUBZone census tracts within the City of Orlando:  0145.02, 0146.01, 0121.00, 0117.01, 0117.02, 0119.01, 0115.00, 0114.00, 0104.00, 0105.00, 0106.00, 0101.00

In order to qualify for the HUBZone program, a small business:

  • Must have its principal office located in a "historically underutilized business zone" or HUBZone, including lands on federally recognized Indian reservations;
  • Must be 51% owned by a US citizen(s).  Additionally approved ownerships including Community Development Corporations, Indian Tribes and agricultural cooperatives;
  • Must be a small business by SBA size standards, and
  • At least 35% of employees must reside in a HUBZone.

For more information contact 407.246.2821 or visit http://www.sba.gov/hubzone.

 

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Business Development
6th Floor
One City Commons
400 S. Orange Ave.
P.O. Box 4990
Orlando, FL  
32802-4990
407-246-2821
407-246-3359 Fax

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