What is a HUB?
A Historically Underutilized Business is a business:
a. In which
at least 51 percent of the business, or of the stock in the case
of a corporation, is owned by one of more minority persons, women,
or disabled persons, and
b. Of which one or more minority persons, women, or disabled persons control the management and daily business operations.
(Reference Executive Order Number 150)
Historically Underutilized Businesses (HUB's) consist of minority, women and disabled business firms that are at least fifty-one percent owned and operated by an individual(s) of the aforementioned categories. Also included in this category are disabled business enterprises and non-profit work centers for the blind and severely disabled.
The term "minority person" means a person who is a citizen or lawful permanent resident of the United States and who is:
a. Black, that
is, a person having origins in any of the black racial groups
b. Hispanic, that is, a person of Spanish or Portuguese culture with origins in Mexico,South or Central America, or the Caribbean Islands, regardless of race;
c. Asian American, that is, a person having origins in any of the original peoples of the Far East, Southeast Asia and Asia, the Indian subcontinent, or the Pacific Islands;
d. American Indian, that is, a person having origins in any of the original Indian peoples of North America; or
The term "socially and economically disadvantaged individual" means the same as defined in 15 U.S.C. 637.