What is a Historically Underutilized Business (HUB)?

What is a Historically Underutilized Business (HUB)?

A Historically Underutilized Business (HUB) is a business that has been historically overlooked or underrepresented in terms of access to government contracts, funding, and other resources. These businesses typically come from minority-owned, women-owned, veteran-owned, and small businesses in underserved communities. The HUB designation is designed to provide these businesses with the support they need to compete fairly and thrive in the marketplace. By promoting HUB businesses, communities can tap into diverse talents, foster inclusivity, and drive economic growth.

This designation helps level the playing field by ensuring these businesses have the same opportunities to participate in large-scale projects and government contracts, which they may have been historically excluded from due to systemic barriers. HUB businesses are crucial for creating a more equitable and sustainable economy, and their success benefits both the businesses themselves and the broader community.

Why HUB Businesses Have a Significant Impact on the Economy:

• Promoting Diversity & Inclusion: HUB businesses bring a diverse range of perspectives, skills, and solutions to the table. Supporting these businesses creates a more inclusive economy, where opportunities are available for all, regardless of background or size.

• Strengthening Local Economies: By empowering HUB businesses with access to government contracts and resources, these businesses can grow and reinvest in their communities, stimulating local job creation, increasing tax revenue, and promoting regional development.

Ready to Harness the Power of a HUB Business?

As a certified Historically Underutilized Business (HUB), Liaison Consulting Firm is dedicated to creating equal opportunities and driving economic development in underserved communities. By partnering with us, you’ll gain access to a network of resources, support, and opportunities that can accelerate your business's growth and success. Contact us today to learn how we can work together to make a lasting impact on the economy while advancing your business goals!