Well, summer is certainly here. You only need to step outside to be able to tell. And with the arrival of summer, the long-awaited end to the HUBZone map freeze just occurred on June 30, 2023. The new map took effect the following day, July 1, 2023. If you’re in the HUBZone program, or are considering certification in the HUBZone program, you might have some questions as to what this means for you. In this post, we’ll explore what the changes will bring.
Continue readingTag Archives: HUBZone maps
HUBZone FAQ Update: Maps and Other Changes
The SBA’s HUBZone program can be a confusing program to understand and comply with. Keeping on top of the regulations requires keeping up on legislative and program changes on a revolving basis. The SBA has recently frozen the HUBZone maps and changed principal office rules. In a corresponding move, the SBA has updated the Frequently Asked Questions (FAQ) section for the HUBZone program to clarify some details on HUBZone Program rules.
Here are some key points you should know about this latest FAQ update.
Continue readingAlert: SBA Will Freeze HUBZone Maps Until June 30, 2023
HUBZone companies will get some additional time to plan for the unfreezing of the HUBZone maps by SBA. SBA has just issued a direct final rule that will extend the HUBZone map freeze from December 31, 2021, to June 30, 2023.
Continue readingWhy Are There Two HUBZone Maps on the Internet?
If you were to fire up the ol’ Google and search for the phrase “hubzone map” guess what you would get—not one but two links that purport to be the Small Business Administration’s Historically Underutilized Business Development Zone (HUBZone) program map.
Is there any indication which is the correct map? No. Might one return false results? Yes.
Continue readingSBA Issues Guidance on New HUBZone Rules
Can a business seeking HUBZone status give employees bonuses or higher wages to entice them to live in a HUBZone?
According to new guidance published by the U.S. Small Business Administration, yes. But that’s not the only question addressed in the guidance.
Continue reading5 Things You Should Know: HUBZone Program (The Basics)
Editor’s Note: You can find our updated post on the HUBZone Basics here.
5 Things has previously discussed 8(a) Program basics and eligibility requirements. But the 8(a) Program isn’t the only socioeconomic program benefiting small businesses. In this post, we’ll begin exploring another crucial program for small businesses: the Historically Underutilized Business Zone—or HUBZone—program.
Here are five things you should know about the HUBZone program.
2018 NDAA: Changes to the HUBZone Program
The HUBZone program has received its fair share of coverage on our blog, from recommended changes in the 35% employee-location requirement to SBA regulatory updates to the program. Well, the HUBZone program is once again undergoing some changes thanks to the 2018 National Defense Authorization Act–but note that some of these changes are not effective until January 1, 2020.
These changes include a requirement for an improved online mapping tool, a mandate that HUBZone verifications be processed in 60 days, and more. Here’s a look at some of the most significant HUBZone changes in the 2018 NDAA.