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Size Standards Rules in Federal Register

The U.S. Small Business Administration published four final rules to modify monetary-based size standards across 16 North American Industry Classification System (NAICS) sectors.  These changes will increase small business eligibility for SBA’s loan and federal contracting programs for approximately 59,000 additional firms.  The new size standards will become effective on May 2, 2022.

You can find links to rules published to the Federal Register in the chart below. More information about specific NAICS codes impacted can be found in each rule.

Final Rule (FR)  

NAICS Sector 

 

 

Sector Name 

No. of Size Standards Reviewed  No. of Size Standards Increased
87 FR 18607 11 Agriculture, Forestry, Fishing and Hunting

 

64 60
21 Mining, Quarrying, and Oil and Gas Extraction 4 3
22 Utilities 3 3
23 Construction 32 2
87 FR 18627 48-49 Transportation and Warehousing 43 18
51 Information 19 8
52 Finance and Insurance 39 10
53 Real Estate and Rental and Leasing 25 9
87 FR 18665 54 Professional, Scientific and Technical Services 48 27
55 Management of Companies and Enterprises 2 2
56 Administrative and Support, Waste Management and Remediation Services 44 17
87 FR 18646 61 Education Services 18 14
62 Health Care and Social Assistance 39 18
71 Arts, Entertainment and Recreation 25 11
72 Accommodation and Food Services 15 4
81 Other Services 48 23
  Total   468 229

To arrive at these size standards, SBA evaluated the economic characteristics of industries, including average firm size, the degree of competition, and federal government contracting trends.  This ensures that small business size standards reflect current industry structure and market conditions in those industries.  SBA also considered program data, comments to the proposed rules, and the economic impacts of the COVID-19 pandemic and the associated Government response.

The increases to size standards will enable some mid-sized businesses to regain their small business status and current small businesses to retain their small business status for a longer period, thereby allowing them to benefit from SBA’s procurement and loan programs.

As part of the ongoing review of size standards, in the coming months, SBA plans to issue additional rulemakings on size standards in Sector 42 (Wholesale Trade), Sector 44-45 (Retail Trade), and Sector 31-33 (Manufacturing).

For more information about SBA’s revisions to its small business size standards, visit the size standards web site at https://www.sba.gov/size.





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