New HUBZone Principal Office Shared Coworking Space Rules

The SBA HUBZone Office has recently put out some new rules regarding shared office spaces.  While these new rules may seem stricter, it is actually good that they have put the policy in writing so that it is clear on what will qualify for your principal office and what will not.  For companies looking to lease a new space or apply to the HUBZone program, please follow the guidelines below and share this with your landlord so that your lease can include all required information.  This new policy should be posted to the SBA’s website soon.

Who counts as a Hubzone resident and how do you prove it?

By now you probably know that at least 35% of your total employees must reside in a HUBZone.  By total employees, we mean every single employee that works more than 40 hours a month, no matter where they work.  This means employees that work at your principal office, other office locations, jobsites, and remotely from home, all count towards that 35% that you must meet.