Invest in Rural Small Business Act of 2017

Summary

Invest in Rural Small Business Act of 2017 This bill amends the Small Business Act to modify the definition of qualified Historically Underutilized Business Zone (HUBZone) small business concern to reduce from 35% to 33% the number of a small firm's employees required to live within a HUBZone. The HUBZone program is expanded to include a qualified area located outside of an urbanized area with a population of 50,000 or less (covered area) designated by the Small Business Administration (SBA) in response to a petition by the governor of a state, the District of Columbia, or a U.S. territory. The SBA: may designate as a HUBZone, in response to a governor's petition, a covered area that has an average unemployment rate at least 120% of the average U.S. or state unemployment rate, whichever is less; shall establish procedures to ensure that it accepts petitions from all states each fiscal year and give an interested governor technical assistance before a petition is filed; and must approve or deny, within 60 days upon receipt, a small business concern's application for certification as a qualified HUBZone small business concern.

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Documents

6 official files

• Reported to Senate (text)

  Reported to Senate · EN · 2 August 2017

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• Reported to Senate (PDF)

  Reported to Senate · EN · 2 August 2017

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• Reported to Senate with amendment(s)

  summary · EN · 2 August 2017

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• Introduced in Senate (text)

  Introduced in Senate · EN · 25 April 2017

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 25 April 2017

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• Introduced in Senate

  summary · EN · 25 April 2017

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