SBA is Reviewing Size Standards

The Small Business Administration is proposing to increase the small business size standards for certain industries in three North American Industry Classification System (NAICS) sectors including Accommodation and Food Services, Retail Trade and Other Services. The SBA said the recent moves are part of a two year effort to update the size standards that are used to determine eligibility for federal small business programs in response to numerous comments claiming the size standards, last reviewed in the 70s, have not kept up with changes in the economy and the federal marketplace. SBA said the more gradual approach rather than a one time review will allow for greater manageability. Currently SBA’s standards consist of 45 size levels covering 1,141 NAICS industries and 17 sub-industry activities where 32 size levels are based on average annual receipts, eight are based on number of employees and five are based on other measures (Fed. Reg. 53913).

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