I am concerned about it because HUB zones are another example of this administration's record of squandered opportunities. To begin at the beginning, in 1997, the Committee on Small Business reported out legislation to create the HUB Zone Program--historically Underutilized Business Zones. This program seeks to use Federal contracting, Federal purchasing, to generate business opportunities and jobs in the areas of high poverty and high unemployment across the Nation. We created incentives to get small businesses to locate and bring jobs to the distressed areas, areas that usually would not be considered good places to locate in general business judgment. These distressed areas lacked established customer bases, trained workforces. They have been out of the economic mainstream. But the HUB Zone Program was designed to bring small businesses into the area.
Editor's note · Context
Discussing the HUB Zone Program and its impact on distressed areas during a floor speech.
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