HUBZone and Opportunity Zones

The VTCRC is located in a Federal HUBZone. This entitles VTCRC tenants to preferential benefits when bidding on Federal contracts. Benefits are available in contracting with the government, which has mandates to award contracts to HUBZone enterprises, both directly and through prime contractors.

Benefits of the HUBZone Program

The program’s benefits for HUBZone-certified companies include:

  • Competitive and sole source contracting

  • 10% price evaluation preference in full and open contract competitions, as well as subcontracting opportunities.

The federal government has a goal of awarding 3% of all dollars for federal prime contracts to HUBZone-certified small business concerns.

Contracting Resources for Small Businesses

Small businesses interested in pursuing federal contracts have many options available to represent their company to potential buyers, to research the federal marketplace for available opportunities, and understand the competition. To prepare your business for federal contracting opportunities, it is important for you to understand these resources. {details}

The VTCRC is located in an opportunity zone. Opportunity Zones are an economic development tool—that is, they are designed to spur economic development and job creation in distressed communities.

What is a Qualified Opportunity Fund? A Qualified Opportunity Fund is an investment vehicle that is set up as either a partnership or corporation for investing in eligible property that is located in a Qualified Opportunity Zone.

Learn more about opportunity zones