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

1 min read

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.

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