In an honourable bid to ensure regulation, the Small Business Administration (SBA) has decided to tighten its grip on HUBZone regulations. The move has significant impacts on the government contractors that maintain or seek HUBZone certification.
Contractors must now be aware of SBA’s increased efforts to enforce both new and existing rules surrounding the HUBZone program, according to PilieroMazza PLLC.
Non-compliance with the program requirements has grave implications and may hamper the growth of HUBZone contractors. Therefore, it’s pivotal that contractors understand these amendments and act accordingly to avoid any negative business impacts.