Immersive Concepts earns its General Services Administration (GSA) HUBZone Certification.
December 18, 2020 | Category: Featured, Uncategorized
Immersive Concepts earns its General Services Administration (GSA) HUBZone Certification. Certified Small Business. HUBZone is a company-level diversity certification established to promote small business growth in Historically Underutilized Business Zones. The program helps small businesses located in distressed areas gain preferential access to federal procurement opportunities specifically set-aside for businesses within that designation. The HUBZone program aims to increase employment opportunities, investment, and economic development in these communities. The Small Business Administration (SBA) regulates and implements the HUBZone program. HUBZones are defined as distressed rural and urban communities, typically having low median household incomes, high unemployment or both; the location of these communities is determined by data gathered from the Department of Housing and Urban Development (HUD), the Bureau of the Census, the Bureau of Labor Statistics (BLS), the Department of the Interior, Bureau of Indian Affairs and the Department of Defense.
To be eligible for HUBZone certification, an organization must be a small business (according to SBA standards), be owned and controlled at least 51% by U.S. citizens, or a Community Development Corporation, an agricultural cooperative or an Indian tribe, be located within a “Historically Underutilized Business Zone” and at least 35% of its employees must reside in a HUBZone.
For more information regarding the SBA’s HUBZone program, visit https://www.sba.gov/federal-contracting/contracting-assistance-programs/hubzone-program .