Search Results for keywords:"HUBZone Program"

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Search Results: keywords:"HUBZone Program"

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  • 2024-29393 — HUBZone Program Updates and Clarifications, and Clarifications to Other Small Business Programs
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    Type:Rule
    Citation:89 FR 102448
    Reading Time:about 5 hours

    The U.S. Small Business Administration (SBA) has issued a final rule amending regulations for the Historically Underutilized Business Zone (HUBZone) program to make it more efficient and effective. The updates clarify policies concerning HUBZone certifications, size determinations, and certifications for other small business programs, like the 8(a) Business Development (BD) and Women-Owned Small Business (WOSB) programs. Notably, the rule requires HUBZone firms to be eligible at the time of offer for contracts and moves recertification requirements under a unified section. These steps aim to ensure consistent application of rules across various small business programs.

    Simple Explanation

    The Small Business Administration (SBA) has updated the rules to help small businesses in special areas and make things fairer for everyone. These updates say businesses must follow the rules at the time they try to get a deal, and have made it easier by putting all the rules in one place so they’re not confusing.

  • 2025-02741 — HUBZone Program Updates and Clarifications, and Clarifications to Other Small Business Programs; Correction
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    Type:Rule
    Citation:90 FR 9673
    Reading Time:about 5 minutes

    The U.S. Small Business Administration (SBA) is making corrections to a rule originally published on December 17, 2024, which aimed to update the HUBZone Program and other small business programs. The corrections fix errors related to size recertifications, financial statement thresholds, and terminology changes. Specifically, they address the incorrect addition of size protest rules, rectify missing regulation amendments, increase the financial statement threshold from $10 million to $20 million, and update definitions in the HUBZone Program. These changes are intended to improve consistency and reduce burdens for small businesses.

    Simple Explanation

    The U.S. Small Business Administration is fixing some mistakes in its rules for helping businesses in special areas called HUBZones and in other small business programs, like making sure that rules about business size and money amounts are clearer and easier to follow. These changes help make things fairer and less confusing for small businesses.