Economic development (1 - 2 of 2 items) in Past Year
HUBZone Program: Opportunities Exist to Further Improve Oversight
GAO-16-866T: Published: Sep 7, 2016. Publicly Released: Sep 7, 2016.
As of August 2016, the Small Business Administration (SBA) had taken steps to better inform firms about changes in the designations of Historically Underutilized Business Zones (HUBZones) but had not yet fully implemented GAO's February 2015 recommendation to improve this process.SBA primarily designates economically distressed areas as HUBZones, based on demographic data such as unemployment and...
Community Development Block Grants: Sources of Data on Community Income Are Limited
GAO-16-734: Published: Sep 6, 2016. Publicly Released: Sep 6, 2016.
The Department of Housing and Urban Development's (HUD) and states' primary method for communities to demonstrate eligibility when they disagree with HUD's eligibility determination is to allow communities to conduct their own local income surveys to show that they meet the Community Development Block Grant (CDBG) income threshold. HUD instructs small communities, known as nonentitlement communiti...