HUBZone firms not relying on HUBZone set-asides
HUBZone firms are winning the majority of their federal contracts without HUBZone set-asides, Set-Aside Alert has found.
While many firms in the socio-economic small business categories focus on winning set-asides in those categories, HUBZone small businesses rely heavily on other types of set-asides or on no set-asides at all.
HUBZone set-asides accounted for only 24% of total current contract value won by HUBZone firms, totaling $1.4 billion, according to Set-Aside Alert’s research.
Set-Aside Alert compiled a database of $5.7 billion in current contracts held by HUBZone firms and expiring in 20 years or beyond. Many are multi-year contracts.
Of the total contracts won by HUBZone firms, 25% were awarded as small-business set-asides, 24% as HUBZone set-asides, and 24% through full and open competition, with no set-asides applied.
In addition, 20% were won as 8(a) Small Business Program set-asides; 5% were awarded as Service-Disabled Veteran-Owned Small Business (SDVOSB) set-asides, and 0.7% were awarded as Women-Owned Small Business (WOSB) set-asides.
Looking at the total of $5.7 billion in current contracts held by HUBZone firms, $1.5 billion were awarded as small business set-asides; $1.4 billion were awarded as HUBZone set-asides; $1.4 billion had no set-aside; $1.1 billion were awarded as 8(a) set-asides; $311,000 worth were SDVOSB set-asides and $44,000 worth were WOSB set-asides.