To embed, copy and paste the code into your website or blog: In January, we issued a client alert discussing how HUBZone firms in redesignated areas could plan to maintain their HUBZone status after the end of 2021. One of the primary strategies we discussed in the client alert was based on Small Business Administration (SBA) guidance about long-term investments in qualified disaster areas (QDAs). At the time, based on SBA guidance, we understood that HUBZone firms located in redesignated areas could qualify their current HUBZone principal office location as HUBZone eligible for at least the next 10 years as long as they entered into a long-term lease or bought its building before the firm’s annual HUBZone recertification in 2021. This guidance, which SBA first issued last October, hinged on whether the redesignated area was also a QDA. While SBA does not permit firms to take advantage of the new 10-year investment rule in a redesignated area, SBA’s guidance indicated that they would allow firms to take advantage of the 10-year rule if the redesignated area was also a QDA.