Mitch Landrieu: “The issue I wanted to bring to your attention relates to HUBZone provisions in the House version of the SBA…”

“The issue I wanted to bring to your attention relates to HUBZone provisions in the House version of the SBA reauthorization. HUBZones are distressed urban and rural areas characterized by chronic high unemployment and/or low household income. Mr. President, there are 152 HUBZone companies creating jobs and empowering communities throughout my State. Under the program, small businesses that locate in a HUBZone, and hire workers who live in the HUBZone, are eligible to receive price preferences in bidding on government contracts. These price preferences encourage small businesses to locate in our distressed communities and help offset the additional costs they face as a result of being out of the regular stream of commerce. Price preferences also help to even the playing field between HUBZone eligible and non-HUBZone firms in competing for contracts. I support the HUBZone program. It is providing an economic boost through job creation and capital investment to areas of poverty and unemployment that really need it.”