HUBZone Program stimulates economic development and creates jobs in
urban and rural communities by providing Federal contracting
preferences to small businesses. These preferences go to small
businesses that obtain HUBZone (Historically Underutilized Business
Zone) 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.
[A principal office can be different
from a company headquarters, as explained later in this document.] The program resulted from provisions contained in the Small Business
Reauthorization Act of 1997.