HUBZone Program
Set-aside program for firms in historically underutilized business zones.
Definition
HUBZone certification requires a principal office in a designated zone and that 35% of employees reside in a HUBZone, unlocking set-asides and a price evaluation preference.
Why it matters
The 10% price evaluation preference in full and open competition can flip a close award.
Example
A HUBZone firm wins a facilities contract on preference-adjusted price.
Related terms
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