Faithin Omaha eBook Collection

Download or read book Small Business Administration: Undercover Tests Show HUBZone Program Remains Vulnerable to Fraud and Abuse written by Gregory D. Kutz and published by DIANE Publishing. This book was released on 2010-11 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: The SBA¿s Historically Underutilized Business Zone (HUBZone) program provides federal contracting assistance to small firms located in economically distressed areas, with the intent of stimulating economic development. In 2008 and 2009, there were reports on substantial vulnerabilities to fraud and abuse in the HUBZone application and monitoring process. Ten HUBZone firms in the Wash., D.C., area and 19 firms in 4 other metro areas in Alabama, California, and Texas made fraudulent or inaccurate representations to get into or remain in the HUBZone program. This report: (1) performed additional testing of SBA's HUBZone certification process; and (2) determined whether SBA has taken any actions against the 29 firms identified in a previous report.