Size standard methods shift

      A revised methodology for the Small Business Administration’s size standards went into effect on April 11 with the publishing of a final rule. The SBA will use the new methods for its upcoming revision of size standards.

      Previously, SBA selected a size standard for each industry from a limited number of fixed standards. For 526 industries, the standards are based on average annual receipts, and for 505 industries, on the number of employees.

      In the new approach, SBA will look at all industries with receipts-based size standards, and separately at those with employee standards, and rank each industry by average firm size, average assets size, competition and distribution of firms by size.

      SBA believes the impact on vendors will be minimal.

More Information:
FedRegister rule publication: https://bit.ly/2U8JZI1

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