99 -- SBA INCREASING SIZE STANDARD FOR SECURITY GUARDS AND PATROL SERVICES (NAICS 561612) TO $17 MILLION

The U.S. Small Business Administration has revised the small business size standard for the Security Guards and Patrol Services industry, increasing the threshold from $11.5 million to $17 million in average annual receipts, effective July 31, 2006. This adjustment reflects a reassessment of industry characteristics based on the most recent data and aims to more accurately define the size parameters for small businesses within this sector. The updated size standard allows a broader range of businesses to qualify as small under the North American Industry Classification System (NAICS) code 561612. This change was formally announced in a final rule published in the Federal Register on June 30, 2006. The information regarding this update, including access to the final rule, is available on the SBA's website. For further inquiries, Carl G Jordan, a Program Analyst from the Office of Size Standards, can be contacted. This revision impacts businesses and contracting professionals by potentially expanding eligibility for small business programs specific to security services.