How does a firm qualify for this program?

To qualify for the program, a business must meet the following criteria:

  • It must be a small business by SBA size standards;
  • Its principal office must be located within a HUBZone, which includes lands on federally recognized Indian reservations;
  • It must be owned and controlled by one or more U.S. citizens (N.B.-this means any level of ownership in an applicant small business by another company would result in a decline). Approved ownership can also be by a Community Development Corporation or Indian tribe; and
  • At least 35% of its employees must reside in a HUBZone