In January the Small Business Administration announced that they have increased the Size Standards for 37 NAICS. The SBA establishes small business size standards based on one of two primary measures of business size— either average annual receipts or number of employees.
Many business have complained that the SBA’s size standards have not kept up with changes in the economy and Federal contracting marketplace. The last SBA size standard overhaul was in the late 1970s and early 1980s and in 2007, the SBA began a new overhaul. In evaluating an industry’s size standard the SBA examines the industries metrics, such as:
After examining these metrics SBA has decided to increase the size standards for 37 industries, see below for a list of some NAICS affected. The change in Size Standards affect a number of GSA/VA Schedules. The Small Business Size Standard for NAICS Code 561320 was increased from $13.5 million to $25.5 million, and is applicable to both Temporary Staffing (GSA Schedule 736) and Medical Staffing (621 I). The change in 561510 (Travel Agencies), from $3.5 million to $19 million will affect Schedule 599. For Schedule 84, which includes Security Guards, the change is from $18.5 million to $19 million. To see the full visit, view this Federal Registrar Update.
The SBA is continuing to evaluate and adjust additional industries as well. If your company is affected by these changes and you have some questions, Coley GSA may help determine your next steps.
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New Size ($ million)
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