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HUBZone Small Business Support: New Public Contract Rules

This act changes the rules for how small businesses in HUBZone areas (Historically Underutilized Business Zones) can bid on government contracts. This means more public contracts may go to these businesses, supporting local community development and job creation in more challenging regions. Citizens may indirectly benefit from a stronger local economy.
Key points
Extends price evaluation preference for HUBZone firms to certain unrestricted government contracts.
Supports the growth of small businesses in economically disadvantaged areas.
Requires the Small Business Administration (SBA) to update regulations within 90 days.
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Additional Information
Print number: 118_HR_5450
Sponsor: Rep. Scholten, Hillary J. [D-MI-3]
Process start date: 2023-09-13