The Small Company Administration (SBA) administers a number of programs to support small companies, consisting of the Historically Underutilized Company Zone Empowerment Contracting (HUBZone) program. The HUBZone program is a small company federal contracting support program “whose main goal is task production and increasing capital expense in distressed neighborhoods.
” It offers taking part small companies found in locations with low earnings, high hardship rates, or high joblessness rates with contracting chances in the kind of set-asides, sole-source awards, and price-evaluation choices.
Companies need to be accredited by the SBA to take part in the HUBZone program. On November 20, 2014, there were 5,708 licensed HUBZone small companies. In FY2013, the federal government granted 64,912 agreements valued at $6.
54 billion to HUBZone-certified services, with about $1.87 billion of that quantity granted through a HUBZone set-aside, sole-source, or price-evaluation choice award. The program’s FY2013 administrative expense had to do with $10
0 million. Its FY2014 appropriation is $2.25 million, with the extra expense of administering the program offered by the SBA’s appropriation for basic administrative expenditures. Congressional interest in the HUBZone program has actually increased over the last few years, mostly due to U.
S. Federal Government Responsibility Workplace (GAO) reports of scams in the program. Some Members have actually required the program’s termination. Others have actually advised that the SBA continue its efforts to enhance its administration of the program, specifically its efforts to avoid scams.
This report takes a look at arguments both for and versus targeting support to geographical locations with defined attributes, such as low earnings, high hardship, or high joblessness, instead of supplying help to individuals or services with defined attributes.
It then examines the arguments both for and versus the extension of the HUBZone program. The report likewise goes over the HUBZone program’s structure and operation, concentrating on the meaning of HUBZone locations and HUBZone small companies and the program’s efficiency relative to federal contracting objectives.
It consists of an analysis of the SBA’s administration of the program and the SBA’s efficiency procedures. In addition, this report analyzes P.L. 111-240, the Small Company Jobs Act of 2010, which eliminated particular language from the Small company Act that had actually triggered federal courts and GAO to discover that HUBZone set-asides have “precedence” over other small company set-asides.
It likewise quickly talks about H.R. 489, the HUBZone Growth Act of 2013, its buddy costs in the Senate (S. 206), and S. 2410, the Carl Levin National Defense Permission Act for2015 These expenses would broaden the location eligible for HUBZone status as an outcome of a Base Adjustment and Closure Act (BRAC) military base closure.
S. 2410 would likewise extend these locations’ HUBZone eligibility from 5 years to 8 years. In addition, S. 259, the Guaranteeing Contracting Equity Act of 2013, would increase the federal government’s small company contracting objectives, consisting of the contracting objective for the HUBZone program.
H.R. 4093, the Greater Opportunities for Small Company Act of 2014, and H.R. 4435, the Howard P. “Dollar” McKeon National Defense Permission Act for 2015, would increase the federal government’s contracting objective for small companies normally from 23% to 25% and develop a subcontracting objective of 40% for small companies normally.
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