The Small Business Administration (SBA) reviewed NAICS Sectors 54 and 81 and issued a final rule (13 CFR Part 121) substantially increasing many NAICS code small business size standards, effective March 12, 2012.
SBA establishes small business size definitions (referred to as size standards) for private sector industries using two primary measures of business size—receipts and number of employees. Over the years, SBA has received comments that its size standards have not kept up with changes in the economy – particularly that they do not reflect changes in the federal contracting marketplace and industry structure. The last comprehensive review of size standards occurred during the late 1970s and early 1980s.
SBA recognizes that changes in industry structure and the federal marketplace since the last overall review have rendered existing size standards for some industries no longer supportable by current data. As part of SBA’s ongoing comprehensive review of size standards, the Agency reviewed all receipts based small business size standards in NAICS Sector 54, Professional, Technical, and Scientific Services, and one size standard in NAICS Sector 81, Other Services, to determine whether they should be retained or revised.
Based on the reevaluations of relevant industry and program data and the Agency’s assessments of public comments it received on the proposed rule, SBA has decided to increase small business size standards for 34 industries and three sub-industries in NAICS Sector 54 and one industry in NAICS sector 81. SBA has decided to maintain 11 receipts based size standards in NAICS Sector 54 at their current levels. Some of the NAICS increased included:
To read the final rule and see the complete list of NAICS changes please visit http://www.gpo.gov/fdsys/pkg/FR-2012-02-10/pdf/2012-2659.pdf
See our previous post on the proposed increases with summaries of public comments for and against the changes: Final Rule on Proposed Small Business Size Standards Increase – Public Comments Will Factor Into Spring 2012 Update
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