H.R. 4531 · 109th Congress
To authorize the Administrator of the Small Business Administration to deem certain small business concerns qualified HUBZone small business concerns.
- Stage
- In committee
- Sponsor
- Bud Cramer
- Introduced
- 2005-12-14
- Latest action
- 2005-12-14 · Introduced in House
Summary
Amends the Small Business Act to authorize the Administrator of the Small Business Administration (SBA) to deem a small business a qualified HUBZone (heavily underutilized business zone) small business if such small business has certified to the Administrator that: (1) it is not currently a HUBZone small business; (2) its principal office is located in a census tract adjacent to a HUBZone; (3) at least 35% of the employees reside in a HUBZone; and (4) it meets current SBA requirements applicable to qualified HUBZone small businesses.