Bill Would Expand HUBZone Boundaries, Benefit BRAC Sites
- February 4, 2013
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Legislation sponsored by Maine’s two senators would make it easier for tenants located at bases closed in the last BRAC round to qualify for the HUBZone program, a Small Business Administration initiative offering preferential access to federal procurements to businesses in distressed areas. Currently, BRAC installations are designated as HUBZones for five years after they are formally closed. The law, however, defines the geographic boundaries of those HUBZones as the borders of the closed installation, making it extremely difficult for companies to meet one of the program’s criteria — 35 percent of their employees must live within the HUBZone …

