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Get Into The HUBZone

Small businesses affected by the military’s Base Realignment and Closure (BRAC) Commission can receive an economic boost from the U.S. Small Business Administration’s HUBZone program. The HUBZone, or Historically Underutilized Business Zone, program helps small businesses located in economically distressed areas compete for federal contracts. The SBA has designated all military establishments affected by BRAC as HUBZones, allowing small businesses located in these areas to possibly be certified as HUBZone companies and compete for federal contracts. If your small business is interested in pursuing HUBZone status, you must apply for the certification, a process that can be accomplished online at www.sba.gov/hubzone. A mapping tool on the site can be used to determine whether a specific address is located within one of these new HUBZone BRAC locations.

For Teen Entrepreneurs

The U.S. Small Business Administration (SBA) and Junior Achievement (JA) recently launched a new Web site specifically for young entrepreneurs. The site, Mind Your Own Business at www.mindyourownbiz.org, is designed to support the growing interest in entrepreneurship among teens. It features resources and information to help teens realize their dreams of business ownership.

 

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