Obama Administration Allows Bigger Businesses to Qualify as Small Businesses
Friday, February 17, 2012
The Small Business Administration (SBA) has published new guidelines that will result in more companies qualifying as small businesses, allowing them to enjoy certain contracting advantages.
After conducting its first comprehensive review of size standards since the 1980s, the SBA concluded that larger businesses in 34 industries and three sub-industries deserved consideration as small businesses based on their annual receipts.
SBA estimates that as many as 8,350 additional companies will become eligible for its programs as a result of the change.
Among the changes, public relations and advertising agencies will be able to make $14 million a year rather than $7 million; engineering, surveying and mapping services will jump from $4.5 million to $14 million; and law offices will qualify with annual receipts of $10 million rather than only $7 million.
Marine engineering and naval architecture firms will be able to bring in $35.5 million a year and still qualify as small businesses, while weapons manufacturers will be able to make up to $35 million a year.
-David Wallechinsky, Noel Brinkerhoff
To Learn More:
SBA Redefinition Of Small Business Draws Mixed Reactions (by Andrew Lapin, Government Executive)
Small Business Size Standards: Professional, Technical, and Scientific Services (Small Business Administration) (pdf)
Government Accused of Giving Small Business Contracts to Fortune 500 Companies (by Noel Brinkerhoff, AllGov)
Will Obama Redefine Small Business? (AllGov)
- Top Stories
- Unusual News
- Where is the Money Going?
- U.S. and the World
- Appointments and Resignations
- Latest News
- Only 2 Countries Have Not Joined the UN Convention of the Rights of the Child: South Sudan and…United States
- For the First Time in at Least 10 Years, a Decline in the Number of Americans Reporting Trouble Paying Medical Bills
- 211,000 Unsolved Homicides Still on the Books
- Insurance Industry Adjusts to Earthquake Risk Caused by Fracking
- Behind the $3 Billion a Year Wisdom Teeth Removal Procedure…Health or Profits?