HUBZones (Historically Underutilized Business Zones) are programs created by the Small Business Administration (SBA) to help companies expand and grow in economically distressed communities by promoting job growth, economic development, and capital investment. They do this by providing small businesses that operate and employ people in these economically challenged communities contracting opportunities that they would not otherwise have access to. The federal government’s goal is to award 3% of federal contracts to companies that operate in HUBZone map locations.
If you need to buy or lease Austin commercial real estate in a HUBZone give us a call at 512-861-0525 and we can help you find the right space for your business.
Criteria to Qualify For HUBZone Designation
- Must be a Small business based on NAICS (North American Industry Classification System)
- U.S. Citizens must own at least 51% of the business
- The main head quarters must be located in a HUBZone
- 35% of the businesses employees must live in the HUBZone
Where are Hubzones in Austin Texas Located?
In Austin you will find most of the Hubzones in Central Austin, East Austin, Northeast Austin, and Southeast Austin. If you are a business that is looking to take advantage of the Austin HUBZones then you will want to make sure you focus on the areas outline in the photo or if you enter your city or specific address you will be able to see if your ideal location falls within the HUBZone in Austin, Texas
If you need help finding Austin commercial office spaces for lease or purchase in a HUBZone feel free to contact us for help.