Torrington Becomes SBA HUBZone
The U.S. Small Business Administration added Torrington to its list of historically underutilized business zones, giving businesses increased access to governement contracts.
The government limits competition for businesses in HUBZones and gives preferential consideration to businesses in full and open competition.
Businesses who are HUBZone-certified also get a 10% price evaluation preference in full and open contract competitions.
“Through the SBA’s HUBZone program, small businesses in Connecticut can contract with the federal government and supply them with goods and services produced in our state by our workforce,” Gov. Ned Lamont said.
“I strongly encourage anyone who owns a small business or is thinking about starting a small business in a HUBZone to reach out to the SBA and get connected to these resources.”
Connecticut has 170 HUBZones in census tracts, and 19 certified companies.
To be part of the program a business must be a small business under the SBA size standard, be at least 51% owned and controlled by U.S. citizens, and have its principal office in a HUBZone or have at least 45% of its employees living in a HUBZone.
SBA Connecticut is hosting two events for businesses who are interested in learning more about the program.
SBA officials will be at the Torrington town hall Wednesday, March 8 from 11 am to 1 pm.
Officials are also hosting a virtual information session Tuesday, March 14 from 12 noon to 1 pm.
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