SBA Increases Size Standards for Information and Admin Support, Waste Management and Remediation Services Industries
SBA also Proposes Revisions to Size Standards for Support Activities for Mining
WASHINGTON – The U.S. Small Business Administration has published in the Federal Register two final rules revising size definitions for small businesses in two broad industry categories, and proposed for comment another rule affecting businesses in a third category.
The industry sectors affected by the two final rules are Information and Administrative and Support, Waste Management and Remediation Services. The industries covered by the proposed rule are Mining, Quarrying, and Oil and Gas Extraction. The revisions reflect changes in marketplace conditions.
SBA increased the revenue-based size standards for 15 industries and retained the current revenue-based size standards for five industries in the North American Industry Classification System (NAICS) Sector 51: Information. SBA will review the employee-based size standards within this sector at a later date. Up to 500 additional firms will become eligible for SBA’s loan and federal procurement programs as a result of these revisions. This final rule can be accessed at: www.regulations.gov.
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