HUBZone Changes Explained

August 9, 2016

HUBZone Program: SBA Final Rule Brings Significant Changes

Source: SmallGovCon, Matthew Schoonover, July 27, 2016

U.S. SBA WOSB Program

The HUBZone program will see significant changes to its rules as a result of major SBA changes set to take effect in late August.

These changes apply generally to two aspects of the HUBZone program: that relating to the SBA’s processing of HUBZone applications, and a significant expansion of the HUBZone joint venture requirements.

Here at SmallGovCon, we have been writing about the many changes brought about by the SBA’s recently published final rule about Small Business Mentor-Protégé Programs. Among these major changes are the adoption of a small business mentor-protégé program and an overhaul of the rules governing SDVOSB joint ventures. HUBZone companies can also share in the fun, as the SBA has made significant changes to the HUBZone program regulations.

First, revising 13 C.F.R. § 126.306, SBA provides significant new details as to its processing of HUBZone applications. The new regulation will provide, in general: READ MORE….

 Does your business meet the program requirements? Contact your nearest PTAC to learn more about the program and how it might help your business.


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