NDAA: Senate modifies HUBZones

House passes $696 billion NDAA version exceeding budget caps

      The Senate version of the National Defense Authorization Act (NDAA) for fiscal 2018 has a section that aims to improve HUBZones.

      HUBZones are a Small Business Administration program to strengthen impoverished areas designated as Historically Underutilized Business Zones (HUBZones).

      To stimulate economic activity in the zones, the government’s goal is to award 3% of federal contracts to small businesses in HUBZones. In recent years, the reality has fallen far short. Last year, HUBZone firms got only 1.7%.

      To boost the program, the Senate NDAA Section 899C proposes three changes to HUBZones...more....