Qualified Non-metropolitan County [Business Credit and Assistance] Law and Legal Definition

According to 13 CFR 126.103 [Title 13 -- Business Credit and Assistance; Chapter I -- Small Business Administration; Part 126 – HUBzone Program; Subpart A -- Provisions of General Applicability], qualified non-metropolitan county means “any county that was not located in a metropolitan statistical area at the time of the most recent census taken for purposes of selecting qualified census tracts under section 42(d)(5)(C)(ii) of the Internal Revenue Code of 1986, and in which:

(i) The median household income is less than 80% of the non-metropolitan State median household income, based on the most recent data available from the Bureau of the Census of the Department of Commerce; or

(ii) The unemployment rate is not less than 140 percent of the average unemployment rate for the United States or for the State in which such county is located, whichever is less, based on the most recent data available from the Secretary of Labor.”