• SBA Rule Incorporates Statutory Changes Easing HUBZone Eligibility Requirements at BRAC Sites0

    The Small Business Administration (SBA) last week issued a final rule implementing changes to the HUBZone program enacted in the fiscal 2016 defense authorization bill designed to provide a boost to base redevelopment projects attempting to attract tenants interested in qualifying for the program. The legislation included two key provisions intended to make it easier for companies to meet the eligibility requirements of the HUBZone program — an initiative offering preferential access to federal procurements to businesses in distressed areas. One change expands the boundaries of BRAC-related HUBZones beyond the actual base, allowing businesses to hire employees from surrounding areas to meet the program’s requirement for 35 percent of a participant’s workers to live within a HUBZone …

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  • Defense Bill Removes Hurdles for BRAC Sites to Take Advantage of HUBZone Program0

    The conference report for the fiscal 2016 defense authorization bill provides a tremendous boost to base redevelopment projects attempting to attract tenants interested in qualifying for the Small Business Administration’s HUBZone program. Two key changes in the legislation, unveiled Tuesday by leaders of the House and Senate Armed Services committees, would make it significantly easier for companies to meet the eligibility requirements of the HUBZone program — an initiative offering preferential access to federal procurements to businesses in distressed areas. One change would expand the boundaries of BRAC-related HUBZones beyond the actual base, allowing businesses to hire employees from surrounding areas …

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  • Effort to Ease HUBZone Eligibility Requirements at Closed Bases Gains Momentum0

    A long-standing effort to make it easier for tenants at closed installations to qualify for the Small Business Administration’s HUBZone program may finally bear fruit this year after language to relax the program’s eligibility requirements was included in the Senate version of the fiscal 2016 defense authorization bill. The provision, which would loosen the requirement for 35 percent of a HUBZone participant’s employees to live within a HUBZone, also was included in the House version of the annual policy bill. As a result, the prospect that the changes make it into the final version of the authorization bill is very favorable. The effort to amend the HUBZone program — an initiative offering preferential access to federal procurements to businesses in distressed areas — has been led by Maine’s congressional delegation to support the reuse project at the former Brunswick Naval Air Station …

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  • New Effort Advances to Ease HUBZone Requirements at BRAC Sites0

    The House Armed Services Committee last week added language to the fiscal 2016 defense authorization bill that would make it easier for tenants located at closed installations to qualify for the Small Business Administration’s HUBZone program, the first step in the most recent effort by Maine’s congressional delegation to support the reuse project at the former Brunswick Naval Air Station. Maine Rep. Bruce Poliquin sponsored the amendment which would allow a business to qualify for the HUBZone program — an initiative offering preferential access to federal procurements to businesses in distressed areas — if 35 percent of its employees live within a 25-mile radius of the closed installation. BRAC installations currently are designated as HUBZones for five years after they are formally closed. For a particular business to qualify for the program, however, 35 percent of its employees must live on the closed base, a threshold that is virtually unattainable …

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  • Lawmakers Forego Changes to HUBZone Program Benefitting BRAC Sites0

    The final version of the fiscal 2015 defense authorization bill does not include a provision intended to make it easier for tenants located at closed installations to qualify for the HUBZone program, a Small Business Administration initiative offering preferential access to federal procurements to businesses in distressed areas. Language in the version passed by the Senate Armed Services Committee in May, added by Maine Sen. Angus King (I), would have expanded the geographic boundaries of HUBZones at BRAC sites to include the town or county where the installation is located, or census tracts contiguous to the installation …

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  • Senate Panel Encourages Entrepreneurship for Veterans0

    The Senate Appropriations Committee praised the Small Business Administration’s “Boots to Business” program for helping transitioning service members start businesses, according to its draft report accompanying the FY 2015 Financial Services spending bill, which funds the SBA. The report noted that the entrepreneurial curriculum is offered to service members as an option within the revised transition assistance program. The committee pointed out that many of SBA’s programs for veterans provide counseling and training after service members separate from DOD …

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