Government Contractors Association

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HUBZone Expiration & Redesignated Changes Coming Oct 1st. 2011

Posted by Abraham Xiong on September 21, 2011 at 5:25 PM

 

IMPORTANT NOTICE TO HUBZONE COMPANIES

Important, statutorily mandated changes will occur beginning October 1, 2011 that may affect your small business’ eligibility for the HUBZone program. SBA is committed to helping all current HUBZone firms during this transition. If you need additional assistance after reading the questions and answers below, please call the HUBZone help desk at (202) 205-8885, or email at [email protected]

How might your firm be impacted by the expiration of redesignated HUBZones on October 1, 2011?

Your firm might be impacted if your principal office is located in, or your employees reside in, an expiring redesignated area. Your HUBZone small business is on the list of HUBZone certified concerns and as such we want to remind you that major changes take effect on October 1, 2011 that may affect your firm’s eligibility. Specifically, certain redesignated HUBZones are due to expire on the date on which the Census Bureau publicly releases the first results from the 2010 decennial census. These areas are expiring, effective October 1, 2011. The redesignated HUBZones that are expiring are those that were provided an extended “grandfathering" period by Congress in 2004 until the date the Census Bureau releases the first results of the 2010 census.

Read full article at this link: ( click here )

Categories: HubZone, Legislation, Small Business

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