Inaccurate SBA Map Excludes Eligible Firms
“The Small Business Administration relies on an outdated, inaccurate map to maintain its billion dollar HUBZone program that is rife with fraud, according to a government report,” according to the Washington Post’s small business blog:
The report said the map, which is designed to help firms determine if they’re in a HUBZone area, contains areas that are not eligible for the program and excludes some eligible areas because the SBA has not updated the map since August 2006. The outdated map incorrectly includes 50 metropolitan counties that are ineligible and excludes 27 eligible non-metropolitan areas.
“As a result, ineligible small businesses participated in the program and eligible businesses have not been able to participate,” states the report.