H.R. 4212 · 110th 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
2007-11-15
Latest action
2007-11-15 · 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.