By Douglas Messier
Parabolic Arc Managing Editor
Florida Sens. Bill Nelson and Marco Rubio have introduced legislation to designate all of Brevard County as a HUBZone, making small businesses eligible for economic assistance in an area hard hit by the end of the space shuttle program.
The Shuttle Workforce Revitalization Act of 2102 aims to help the area around the Kennedy Space Center to help retain its skilled workforce by encouraging the development of small businesses. Approximately 9,000 people were laid off when the shuttle program ended last year. The designation would remain in place until not earlier than Jan. 1, 2020.
According to the HUBZone website:
Small businesses in high-unemployment, low-income areas can receive an economic boost from the HUBZone contracting program. The HUBZone program provides contracting assistance to small businesses located in economically distressed communities, referred to as Historically Underutilized Business Zones, or HUBZones, to promote job growth, capital investment and economic development in these areas, including Indian reservations.
The program’s benefits for HUBZone-certified companies include competitive and sole source contracting, a 10 percent price evaluation preference in full and open contract competitions, as well as subcontracting opportunities. The Federal government has a goal of awarding 3 percent of all dollars for Federal prime contracts to HUBZone-certified concerns.