Pursuing federal contract dollars is the topic of the next Paducah Area Chamber of Commerce webinar scheduled for Wednesday, November 4 at 8 a.m. This webinar will address how local businesses can learn more about the Small Business Administration (SBA)’s HUBZone program and how to become HUBZONE certified. To register, go to paducahchamber.org.
HUBZone, which stands for Historically Underutilized Business Zone, is designed for small businesses that operate and employ individuals in an area that is considered economically disadvantaged. Businesses who obtain the HUBZone certification may be eligible for preferential treatment in contract competitions, as well as enhanced subcontracting opportunities.
“As the deactivation and remediation contractor for the U.S. Department of Energy’s Paducah Site, Four Rivers Nuclear Partnership is committed to ensuring that at least 50 percent of our procurement dollars are spent with small businesses,” said Cory Hicks, Business Services Director for Four Rivers Nuclear Partnership. “This commitment provides greater opportunities for small businesses in our region, especially HUBZone businesses, which are given preference in competing for contracts.”
The featured speaker is Nancy Brown, Deputy Program Director for Kentucky Procurement Technical Assistance Center (KYPTAC). This webinar is part of a comprehensive training program designed to increase awareness of the certification and ultimately increase the number of certified Kentucky businesses.
To qualify for the HUBZone program, a business must:
- Be a small business;
- Be at least 51 percent owned and controlled by U.S. citizens, a Community Development Corporation, an agricultural cooperative, a Native Hawaiian organization, or an Indian tribe;
- Have its principal office located in a HUBZone; and
- Have at least 35 percent of its employees live in a HUBZone.
For more information about hub zones, go to sba.gov/federal-contracting/contracting-assistance-programs/hubzone-program.
The webinar will be broadcast via Zoom.