Home / Civilian / SBA Wants to Revise Employee-Based Size Standards of Small Businesses

SBA Wants to Revise Employee-Based Size Standards of Small Businesses

SBAThe Small Business Administration has issued a proposal to raise the employee-based small business size standards for 30 industries and three sub-industries.

SBA also proposes to decrease the standards for three industries excluded from the North American Industry Classification System for the manufacturing, wholesale trade, sector and retail trade sectors, the agency said Sept. 10.

The agency wants to remove the information technology value added resellers sub-industry under NAICS’ other computer related services and the offshore marine air transportation services sub-industry.

SBA wants comments to the proposed revisions by Nov. 10 and evaluates size standards for industries based on average annual receipts and average number of employees.

The agency performs the review on at least one-third of all size standards every 18 months under the Jobs Act and every five years thereafter for all size standards.

There are 28 different size standards under the current NAICS 2012 rule.

Check Also

DoD: China Acquiring Tech for Military Modernization Through Legal and Illicit Means

The Defense Department said in a recent report that the Chinese government has been pursuing its military modernization goals through legal and illicit means, procuring foreign technology through legal means but also engaging in clandestine operations to gain access to regulated or export-restricted material, the DoD stated in its report to Congress.

Leave a Reply

Your email address will not be published. Required fields are marked *