Overview

Description

Gross lease (including bi-weekly housekeeping!!) in a NEWLY RENOVATED office space available on Veterans Blvd that has a Historically Underutilized Business ("HUB") zoning. The units are available to almost any business type, but HUB Zoning has an added benefit for businesses who want to qualify for federal contracting. Note that the pictures displayed are the model units that are already rented, and the units coming available are not yet complete. Anticipated completion date is August 2021. If you want to have the opportunity to provide input on the design of those under construction, you are invited to come and discuss your ideas/needs. Hotels across the street are extended stay hotels, which makes these offices also potentially attractive to weekly tenants, and this is an option that the landlord is considering. But landlord desires 2-year leases to start, and options to renew are negotiable.

The HUBZone program fuels small business growth in historically underutilized business zones with a goal of awarding at least three percent of federal contract dollars to HUBZone-certified companies each year.

The HUB (Historically Underutilized Business) Zone Empowerment Contracting Program is statutorily authorized to stimulate economic development and create jobs in urban and rural communities by providing Federal contracting preferences to small businesses.

In order to qualify for participation in the HUBZone program, a small business must be located in a "historically underutilized business zone". A "HUBZone" is an area that is located in a qualified census tract or a qualified "non-metropolitan county". These areas are defined in the Internal Revenue Code as having a median household income of less than 80 percent of the State median household income or with an unemployment rate of not less than 140 percent of the statewide average, based on US Department of Labor recent data; or lands within the boundaries of federally recognized Indian reservations. Additionally, to qualify as a HUBZone firm, a business must be owned and controlled by one or more US Citizens, and at least 35% of its employees must reside in a HUBZone.

A competitive HUBZone contract can be awarded if the contracting officer has a reasonable expectation that at least two qualified HUBZone small businesses will submit offers and that contract can be awarded at a fair market price. In rare instances sole source HUBZone awards are permitted. However, a sole source contract can be awarded only if two of more qualified HUBZone firms will not likely submit offers and the government estimate will not exceed $5 million for manufacturing or $3 millon for all other requirements. Also, price evaluation preferences may be given to HUBZone firms submitting offers on requirements to be filled through full and open competition. A firm that is certified both 8(a) and HUBZone may qualify for additional preference points.

Many MBEs have found that they are located in areas designated as HUBZones and many have successfully applied for HUBZone certification. However, many others have been challenged by the HUBZone residential employee requirement. MBDA and our resource partners can provide counseling to MBEs that seek to achieve HUBZone status.

For more information, visit SBA's Hubzone Program.
https://www.sba.gov/hubzone

2 Spaces Available

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