June 28 2013 Copyright (c) 2013 Business Research Services Inc. 301-229-5561 All rights reserved.

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  • SBA size standards: ‘Small’ gets larger

    The Small Business Administration published four new final rules that increase size standards for thousands of small businesses in more than 70 industries.

    More than 17,000 previously-ineligible companies will qualify for SBA assistance and federal contract set-asides under the new standards, which go into effect July 22, the SBA said in its Federal Register notices of the rules.

    The rule changes affect companies in agriculture, forestry, fishing and hunting (Sector 11); finance and insurance (Sector 52); management (Sector 55); arts, entertainment and recreation (Sector 71); and mining support (subsector 213.

    For 25 of the industries affected, the average annual revenue permitted as a small business will be $35.5 million, up from $7 million, according to USAToday.

    More information: SBA news release: http://goo.gl/RUcLt
    Federal Register notices on SBA Final rules:
    Agriculture, etc. http://goo.gl/3nvt3
    Arts, etc. http://goo.gl/EN5oE
    Finance, etc. http://goo.gl/1RpCP
    Mining support. etc. http://goo.gl/JSojF


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