The U.S. Small Business Administration's (SBA) Historically Underutilized Business Zone (HUBZone) Program helps small businesses gain preferential access to federal procurement opportunities. The entire city of Asbury Park is a HUBZone.
Benefits of Participating
Advantages of having a business in the HUBZone include:
10% price evaluation preference in full and open contract competitions, as well as subcontracting opportunities.
Competitive and sole source contracting
The federal government has a goal of awarding 3% of all dollars for federal prime contracts to HUBZone-certified small business concerns.