Longer runway for small biz

      Many small business federal contractors will benefit from a new modification in how size standards are calculated under legislation just approved by Congress, Sen. Ben Cardin, D-MD, announced on Dec. 6.

      Under the so-called “Small Business Runway Extension Act,’ the goal is to make it easier for small firms to remain in the “small” category for a longer period of time.

      Under the bill, size standards that are based on average annual revenues will be calculated based on five years worth of revenues, instead of three years...more....