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SBA HUBZone Event in Binghamton on November 20

Release Date: 
Monday, November 18, 2013
Release Number: 
Advisory Date: 
Tuesday, November 19, 2013
Advisory Number: 
Rachael Stanton (315) 471-9393 ext. 244

SYRACUSE, N.Y. –The U.S. Small Business Administration is teaming up with the City of Binghamton Economic Development Office to present a free HUBZone education and training event on Wednesday, November 20 from 8:30 a.m. to 12:00 p.m. at the Holiday Inn Arena in Binghamton.

The Historically Underutilized Business Zone (HUBZone) event will introduce small businesses to the program, help determine eligibility criteria, and support small business participation in the program. The session will feature contracting experts including representatives from SBA, NYS Small Business Development Center (SBDC), Cattaraugus PTAC, and more.

Every year, the federal government awards over $500 billion in contracts, and a significant share of those contracts are specifically allotted to small businesses. SBA works with federal agencies to assist them in identifying and awarding contracts in order to meet the 23% statutory goal of government-wide small business prime contracting. Agencies are also required to award 3% of contracts to small businesses located in Historically Underutilized Business Zones (HUBZones).

In order to qualify for the HUBZone program, the business must be located in an area designated as a HUBZone and meet other requirements. You may determine if an address or a particular area is designated as a HUBZone by visiting http://www.sba.gov/hubzone and using the map application.
SBA encourages small businesses to learn more about the HUBZone program and take advantage of this federal contracting opportunity. The session is designed for all small businesses considering HUBZone certification or looking for more information on the HUBZone program especially in the city of Binghamton. For more information, please contact EcoDev@CityofBinghamton.com or (607) 772-7161.

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