| Incentive |
Description |
Local Administering Agency / Contact |
Eligibility Requirements
Federal / Local Program |
| District Contracting LSDBE Program |
Certified Local, Small and/or Disadvantaged Business Enterprises (LSDBE's) are given priority consideration for contracts offered by District agencies and on publicly assisted projects. |
Department of Small and Local Business Development (DSLBD)
(202) 727-3900 |
Company must be certified by DSLBD. Certification application available online at DSLBD
Local |
| Federal Contracting: HUB Zone Program |
Businesses located in federally designated HUB zones are given preference in bidding for federal contracts with federal agencies.
Small businesses in HUB Zones can qualify for higher government guaranties on surety bonds for construction and service contract bids. SBA will increase its guaranty on surety bonds from 80% to 90%. |
US Small Business Administration (SBA)
HUB Zone Empowerment Contracting Program
(202) 205-8885
DSLBD
(202) 727-3900 |
HUB Zone certification criteria:
- Principal office located within a HUB Zone (for map of HUBZones, select this link)
- Company must be owned and controlled by one or more US citizens.
- At least 35% of the company's employees must be HUB Zone residents.
Federal |
| Department of Banking and Financial Institutions(DBFI) |
Provides technical assistance on an as-needed basis to small businesses applying for financing from larger lending institutions. |
Department of Banking and Financial Institutions
|
Local |
| Howard University Small Business Development Center |
Provides small business owners with technical assistance, market research assistance, and access to resources to obtain financing. |
|
Public-Private / Federal / Local |
| DC Chamber of Commerce Business Resource Center |
Provides small business owners with technical assistance, market research assistance, and access to resources to obtain financing. |
|
Public-Private / Federal / Local |
