Small Business Administration Proposes Amending Regulations for the Historically Underutilized Business Zone (HUBZone) Program; Seeks Comments by December 31
The U.S. Small Business Administration this week has proposed to amend its regulations for the Historically Underutilized Business Zone (HUBZone) Program to reduce the regulatory burdens imposed on HUBZone small business concerns and government agencies, implement new statutory provisions, and eliminate ambiguities in the regulations.
SBA has reviewed all of its HUBZone regulations and is proposing a comprehensive revision to the HUBZone Program to clarify current HUBZone Program policies and procedures and to make changes that will benefit the small business community by making the HUBZone Program more efficient and effective.
In general, HUBZone small business concerns are those that have a principal place of business located in a HUBZone and 35 percent of their employees residing in one or more HUBZones. After SBA certifies eligible businesses into the program, they become eligible for HUBZone contracting preferences. HUBZone areas are generally defined as areas with low income levels, high poverty and unemployment rates, Indian reservations, closed military bases, or disaster areas.
The proposed amendments are intended to make it easier for small business concerns to understand and comply with the program's requirements and to make the HUBZone program a more attractive avenue for procuring agencies.
Comments must be received on or before December 31, 2018. The October 31 FEDERAL REGISTER contains the rulemaking: https://www.gpo.gov/fdsys/pkg/FR-2018-10-31/pdf/2018-23285.pdf