HUBZone proposal said to ease worker residency requirement

Residency redefined; recertifications would be annual

     The Small Business Administration is tackling one of the HUBZone program’s most criticized requirements--that 35% of the HUBZone firm’s employees must live in the HUBZone.

      But instead of reducing the percentage, as was attempted in a Senate bill last year, the SBA recently proposed two modifications in regulations to potentially ease compliance with the employee residence requirement.

      First, the SBA would modify how HUBZone residency is defined to make it easier for employees to meet the definition. And second, HUBZone firms would be allowed to recertify that they meet the employee-living-in-zone requirement--and all other HUBZone requirements--once a year, instead of...more....