By Government Contracts Editorial Staff
The Small Business Administration is proposing to amend the Historically Underutilized Business Zone Program regulations at SBA Part 126 to reduce the regulatory burdens imposed on HUBZone small business concerns and government agencies, implement new statutory provisions, and eliminate ambiguities. In general, HUBZone small business concerns are those that have a principal place of business 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. Following a review of its HUBZone regulations, SBA proposes a comprehensive revision to the HUBZone Program to clarify current policies and procedures and to make changes that will benefit the small business community by making the HUBZone Program more efficient and effective. The rule proposes changes to HUBZone definitions, eligibility requirements, certification, program examinations, maintaining HUBZone status, contractual assistance, and protests. 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 program a more attractive avenue for procuring agencies. A full listing of the regulations impacted by this rule appears in the table below. Comments on the rule are due December 31, 2018. The text of this proposed rule appears at ¶70,425.630.
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