New HUBZone Regulations!!

Newly approved Historically Under Utilized Business Zone (HUBZone) regulations have been enacted since December 26th 2019. EvereTech is currently an active HUBZone organization with experience providing successful Management and IT Professional Services throughout the Federal Government. 

A Brief Summary of the Changes have been listed below:

• HUBZone Residency Threshold: Threshold is 20% residency from contract performance (down from 35%)
• HUBZone Employee Grandfathering: "An employee who resided in a HUBZone for at least six months at the time of certification or recertification, and continues to reside in a HUBZone for at least six months thereafter, may continue to be considered a HUBZone resident so long as the individual is employed by the firm, even if he/she moves to a non-HUBZone area, or if the area of his/her residence loses HUBZone geographical eligibility."
• Easier HUBZone Maintenance throughout the Life of Contract Performance: "If a firm is a certified HUBZone small business at the time of its initial offer for a contract, it generally will be considered a HUBZone small business throughout the life of that contract.  HUBZone status will no longer be determined as of the time of award."

Summary of Ruling:
https://governmentcontracts.foxrothschild.com/2020/01/articles/hubzone/contractor-alert-new-year-new-hubzone-program-regulations/  

The Ruling:
https://www.federalregister.gov/documents/2019/11/26/2019-24915/small-business-hubzone-program-and-government-contracting-programs   

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