Friday, January 14, 2011

HUBZone: What is it and what does it mean in San Diego Commercial Office Space?

Some of our customers may not know that Old Town Plaza is located in a San Diego HUBZone.  For many of our current tenants (and some prospective tenants), this is a big deal.  Not every commercial office building for lease in San Diego is located in a HUBZone.  This is yet another advantage to leasing commercial office space in San Diego at Old Town Plaza.

While I could sit here and attempt to summarize the program for our readers, it is probably more efficient and effective if I just paste the information about HUBZones from the SBA.gov website.  Click HERE to visit the SBA website on HUBZone:

From SBA.gov:


"The Historically Underutilized Business Zones (HUBZone) program helps small businesses in urban and rural communities gain preferential access to federal procurement opportunities. These preferences go to small businesses that obtain HUBZone certification in part by employing staff who live in a HUBZone. The company must also maintain a "principal office" in one of these specially designated areas.
  • The Historically Underutilized Business Zones (HUBZone) Empowerment Contracting program was enacted into law as part of the Small Business Reauthorization Act of 1997. The program falls under the auspices of the U.S. Small Business...
  • Before you can apply for the HUBZone program, you must first qualify. To qualify for the program, a business (except tribally-owned concerns) must meet the following criteria: It must be a small business by SBA standards...
  • If your business is HUBZone certified and there are no changes during your certification, you have no reporting obligations to SBA. However, you must report all “material changes” to SBA because they may affect your...
  • On this page, you will find the latest news related to HUBZones. Be sure to check back often to stay up to date on the HUBZone program and topics which may be useful for you and your business. Visit our other HUBZone pages to learn...
  • In order to qualify for the HUBZone program, your business must be located in an area designated as a Historically Underutilized Business (HUB) Zones. Additional information about the basics of HUBZone requirements can be found on..."