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What constitutes a targeted or distressed community?

April 26, 2017constitutes Distressed

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What constitutes a targeted or distressed community?

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• Historically Underutilized Business (HUB) Zones • Rural and Urban Enterprise Zones and Empowerment Communities • Any census tract or equivalent county division: • That has a poverty rate of at least 20%, or • That qualifies for the Low Income Housing Tax Credit, or • That is a non-metropolitan area and has a median household income of no more than 80% of the statewide median household income The headquarters and most of the employees need to be located in the target community to qualify.