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1999 SESSION

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HB 2580 HUBZone small businesses.

Introduced by: Clarence E. Phillips | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED HOUSE: (all summaries)

Department of Business Assistance; State Contract Target Program. Grants any HUBZone small business a 5 percent price preference in competitive sealed bidding on contracts for products or services to be purchased for use by state agencies. HUBZone small businesses are also given a preference in the case of a tie with another bidder. A HUBZone small business is a business included on the list of qualified HUBZone small business concerns maintained by the Administrator of the U.S. Small Business Administration. To be a HUBZone small business concern, it must be owned by one or more American citizens and have its principal office in a HUBZone. A HUBZone is any area (i) in a census tract in which 50 percent or more of the households have an income which is less than 60 percent of an SMSA's median gross income or (ii) in a nonmetropolitan county or city with a median household income less than 80 percent of nonmetropolitan state median household income or with an unemployment rate that it at least 140 percent of the statewide average unemployment rate. A business with less than 500 employees or less than $5 million in revenues may qualify as a qualified HUBZone small business concern if at least 35 percent of its employees reside in a HUBZone. The federal HUBZone program, on which this measure is based, provides several set-asides and preferences, including a 5 percent price evaluation preference, for qualified HUBZone small business concerns.


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