THEN: In September 1996, we covered Sen. Christopher Bond's (R-MO) proposed HUBZone (Historically Underutilized Business Zone) Act, which would require participating companies to employ at least 35 percent of their work force from a HUBZone, with 50 percent of the work of any federal contract done in the HUBZone.
NOW: The HUBZone program
recently celebrated a milestone, registering its 1,000th
participating small business. Nearly 8,000 communities nationwide
are designated HUBZones, and the number of businesses registered is
expected to rise after a nationwide outreach by the SBA. According
to the SBA, the HUBZone annual contracting goal is expected to
reach its maximum level by fiscal year 2003-translating to 3
percent of overall prime contracting, or an estimated $6 billion a
year in federal contracts. To find out whether your company is in a
HUBZone, visit www.sba.gov/hubzone.
-C.E.G. & N.L.T.