The Full Form of HUB is Historically Underutilized Business.

“Historically Underutilized Business” means a business enterprise formed for the purpose of making a profit in which at least 51% of all classes of the shares of stock or other equitable securities or assets and interest are owned by one or more persons who: are socially disadvantaged because of their identification as members of certain groups and who have suffered the effects of discriminatory prac- tices over which they have no control, and (b) demonstrate active participa- tion in the control, operation, and management of the enterprise’s affairs.