📈Proposed Changes to Small Business Size Standards by SBA
Small Business Size Standards: Monetary-Based Industry Size Standards
Summary
The U.S. Small Business Administration (SBA or the Agency) proposes to increase its monetary based small business size definitions (commonly referred to as "size standards") for 263 industries (259 receipts based and four assets based). SBA proposes to retain receipts based size standards for 237 industries and 12 subindustries ("exceptions") and remove one exception. SBA's proposal relied on its recently revised "Size Standards Methodology" (Revised Methodology). SBA seeks comments on its proposed changes to size standards and data sources it evaluated to develop the proposed size standards. SBA also invites comments on its proposed policy of not lowering any size standards, except for excluding dominant firms from qualifying as small. In accordance with 5 U.S.C. 553(b)(4), a summary of this rule may be found at www.regulations.gov.
Agencies
- Small Business Administration
Business Impact
$$$ - High
The proposed rule increases monetary-based small business size standards, directly affecting eligibility for federal assistance programs and allowing businesses to maintain their small status. The SBA anticipates significant feedback, affecting future compliance and strategy for businesses seeking government contracts and financial aid.