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How does a business qualify with respect to a targeted population?

April 26, 2017Business population qualify respect

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How does a business qualify with respect to a targeted population?

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• In order to qualify with respect to a targeted population, one of the following tests must be met: • At least 50% of gross income must be from low income persons — which are defined as individuals whose family income is not more than 80% of the area medium family income. • At least 40% of the employees must be low income persons. • At least 50% of the business must be owned by low income individuals.