[Code of Federal Regulations]
[Title 13, Volume 1]
[Revised as of January 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 13CFR126.200]

[Page 418]
 
                TITLE 13--BUSINESS CREDIT AND ASSISTANCE
 
                CHAPTER I--SMALL BUSINESS ADMINISTRATION
 
PART 126--HUBZONE PROGRAM--Table of Contents
 
          Subpart B--Requirements to be a Qualified HUBZone SBC
 
Sec. 126.200  What requirements must a concern meet to receive SBA certification as a qualified HUBZone SBC?


    (a) The concern must be a HUBZone SBC as defined in Sec. 126.103; 
and
    (b) At least 35 percent of the concern's employees must reside in a 
HUBZone, and the HUBZone SBC must certify that it will attempt to 
maintain this percentage during the performance of any HUBZone contract 
it receives. When determining the percentage of employees that reside in 
a HUBZone, if the percentage results in a fraction round up to the 
nearest whole number,

    Example 1: A concern has 25 employees, 35 percent or 8.75 employees 
must reside in a HUBZone. Thus, 9 employees must reside in a HUBZone.
    Example 2: A concern has 95 employees, 35 percent or 33.25 employees 
must reside in a HUBZone. Thus, 34 employees must reside in a HUBZone.


and
    (c) The HUBZone SBC must certify that it will ensure that it will 
comply with certain contract performance requirements in connection with 
contracts awarded to it as a qualified HUBZone SBC, as set forth in 
Sec. 126.700.