Section 1 Short title
This Act may be cited as the “Growing and Reviving Rural Economies Through Transitioning HUBZone Redesignation Act of 2017”.
Growing and Reviving Rural Economies Through Transitioning HUBZone Redesignation Act of 2017
A BILL
To extend the eligibility of redesignated areas as HUBZones from 3 years to 7 years.
Sec. 2 Modification to the HUBZone program
Section 3(p)(4)(C) of the Small Business Act (15 U.S.C. 632(p)(4)(C)) is amended by striking “until the later of” and all that follows and inserting “for the 7-year period following the date on which the census tract or nonmetropolitan county ceased to be so qualified.”.