HUBZone Improvement Act of 2007

HUBZone Improvement Act of 2007 - Amends the Small Business Act redefine a Hubzone Qualified Area to count as a qualified nonmetropolitan county any county located within a metropolitan statistical area if: (1) its total population is 80,000 or less; (2) the population residing within the county's urbanized areas is 10% or less of the county's total population; and (3) the county meets either a specified median household income or a specified unemployment rate requirement.

[Congressional Bills 110th Congress]
[From the U.S. Government Printing Office]
[H.R. 383 Introduced in House (IH)]







110th CONGRESS
  1st Session
                                H. R. 383

 To amend the Small Business Act to revise the definition of a HUBZone 
 with respect to counties that are highly rural but adjacent to urban 
                                 areas.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 10, 2007

  Mr. Goode introduced the following bill; which was referred to the 
                      Committee on Small Business

_______________________________________________________________________

                                 A BILL


 
 To amend the Small Business Act to revise the definition of a HUBZone 
 with respect to counties that are highly rural but adjacent to urban 
                                 areas.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``HUBZone Improvement Act of 2007''.

SEC. 2. DEFINITION OF HUBZONE QUALIFIED AREA.

    Section 3(p)(4) of the Small Business Act (15 U.S.C. 632(p)(4)) is 
amended by adding at the end the following new subparagraph:
                    ``(C) Notwithstanding subparagraph (B), the term 
                `qualified nonmetropolitan county' also includes a 
                county located within a metropolitan statistical area 
                if--
                            ``(i) according to the Bureau of the Census 
                        of the Department of Commerce--
                                    ``(I) the total population of that 
                                county is 80,000 or less; and
                                    ``(II) the population residing 
                                within urbanized areas of that county 
                                is 10 percent or less of the total 
                                population of the county; and
                            ``(ii) the county meets either the median 
                        household income requirement of subparagraph 
                        (B)(ii)(I) or the unemployment rate requirement 
                        of subparagraph (B)(ii)(II).''.
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