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SBA Rule Would Allow Opportunity Zones to be part of HubZone Program

Tuesday, November 19, 2019 - 11:30AM

The U.S. Small Business Administration announced Monday that it published in the Federal Register a direct final rule that authorizes the inclusion of “governor-designated covered areas” under the HUBZone program. The SBA anticipates many of the covered areas to be opportunity zones. The HUBZone program allows eligible businesses to get a preference in full and open federal contract competitions and to compete for set-aside contracts. Comments on the rule are accepted through Dec. 16 and unless significant adverse comment is received, the changes will be effective Jan. 1, 2020.

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