Bigger small-business definitions

March 17, 2011
Back to TopCommentsE-mailPrintBookmark and Share

The Small Business Administration wants your comments on its ongoing look at what constitutes a small company. That evaluation, which started in 2007, has resulted in recommendations to broaden definitions of 36 of the 46 industries it is evaluating.

The new definitions would make 9,450 additional firms eligible for SBA programs, which would give the federal government more options for contracting with small businesses.

Most of the professional services under consideration would go from $7 million in revenue to $10 million or $14 million. Details are here.

Generally, a service with $7 million or less in revenue currently meets the standard. For manufacturers, it’s 500 employees or less.

What are your overall thoughts about SBA definitions?


Post a comment to this story

We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
You are legally responsible for what you post and your anonymity is not guaranteed.
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by