LMI Zone Law and Legal Definition

According to 13 CFR 107.50 [Title 13 -- Business Credit and Assistance Chapter I - Small Business Administration], LMI zone means any area located within a HUBZone an Urban Empowerment Zone or Urban Enterprise Community (as designated by the Secretary of the Department of Housing and Urban Development), a Rural Empowerment Zone or Rural Enterprise Community (as designated by the Secretary of the Department of Agriculture), an area of Low Income or Moderate Income (as recognized by the Federal Financial Institutions Examination Council), or a county with Persistent Poverty (as classified by the Economic Research Service of the Department of Agriculture).