99 -- Proposed new small business size standard for Testing Laboratories

The Small Business Administration (SBA) is proposing to raise the size standard for the Testing Laboratories industry, classified under NAICS code 541380, from $6 million to $10 million in average annual receipts. This adjustment aims to more accurately identify businesses within this industry that qualify for Federal small business assistance programs. The change is intended to reflect a better understanding of industry size and ensure that eligible businesses receive appropriate support. Stakeholders are invited to provide comments on the proposed size standard increase by June 10, 2002. This opportunity for feedback allows interested parties to express concerns or support for the adjustment before it is finalized. Further details and updates can be accessed through the SBA website under the "What's New" section. The solicitation related to this proposal was posted on April 10, 2002.