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| SMALL BUSINESS TRENDS brings you daily updates on trends that influence the global small business market. | ||
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Anita Campbell, Editor |
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| Past life: CEO, corporate executive, tech entrepreneur, retailer, general counsel, marketer, HR ... (more) | ||
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Small Business Trends Radio Tuesdays, 1:00 PM Eastern U.S. time on Voice America network Click to listen November 1st: Torsten Jacobi, CEO of Creative Weblogging, joins host Anita Campbell. Sponsored by Six Disciplines. Show details. |
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Wednesday, November 19, 2003 | |
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SBA: Size Matters | |
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The U. S. Small Business Administration increased the size definition for small businesses in the facilities support services industry. The limit on the size of business that can be called "small" used to be $6 million (US) in average annual receipts -- now it is $30 million (US).
The new size standard became effective November 14, 2003. It lets more companies qualify for SBA assistance and compete as a small business for federal contracts. The SBA concluded that raising the size limit for the facilities support services industry was appropriate. The higher size limit reflects the size of federal contracts and allows these businesses to grow to a size where they can effectively compete. NOTE: Size standards are established separately for industry groups as defined by the North American Industry Classification System (NAICS codes). The announced change does not affect any industries other than facilities support services. |
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