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Socioeconomic Status

PCi Tec is able to provide the federal government the benefits of being a small business. Each federal agency must set an annual goal for participating in its contracts by various groups.

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PCi Tec is certified in the following small business groups:
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  • Historically Underutilized Business Zone (HUBZone)
  • Women-Owned Small Business (WOSB)
  • Small, Women and Minority Owned (SWaM)
  • Small Business (SB)
  • Small Disadvantaged Business (SDB)
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Historically Underutilized Business Zone 

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The Historically Underutilized Business Zones (HUBZone) program was enacted into law as part of the Small Business Reauthorization Act of 1997.  The program falls under the auspices of the U.S. Small Business Administration.  The program encourages economic development in historically underutilized business zones - "HUBZones" - through the establishment of preferences.

How the HUBZone Program Works

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The SBA regulates and implements the HUBZone program. SBA does the following:

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  • Determines which businesses are eligible to receive HUBZone contracts

  • Maintains a listing of qualified HUBZone small businesses that federal agencies can use to locate vendors

  • Adjudicates protests of eligibility to receive HUBZone contracts

  • Reports to the Congress on the program's impact on employment and investment in HUBZone areas.

Small, Women-Owned, and Minority-Owned Business

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The Small, Women-owned, and Minority-owned Business (SWaM) certification program is a state program of the Commonwealth of Virginia.  The purpose is to enhance procurement opportunities for SWaM businesses participating in state-funded projects.  

Women-Owned Small Business 

To be eligible, a firm must be at least 51% owned and controlled by one or more women, and primarily managed by one or more women.  The women must be U.S. citizens.  The firm must be “small” in its primary industry in accordance with SBA’s size standards for that industry. 

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The Women-Owned Small Business (WOSB) Federal Contract program authorizes contracting officers to set aside certain federal contracts for WOSBs.

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A Small Disadvantaged Business (SDB) is a small business that is at least 51 percent owned by one or more individuals who are both socially and economically disadvantaged.  SDB status makes a company eligible for bidding and contracting benefit programs involved with federal procurement.

Small Disadvantaged Business