SBA increases size standards for NAICS Sector 53, Real Estate and Rental and Leasing

The Small Business Administration (SBA) has raised the small business size standards for 21 industries and one sub-industry within NAICS Sector 53, which covers Real Estate and Rental and Leasing, while maintaining the existing standards for four other industries in the same sector. This adjustment is part of the SBA’s comprehensive review aimed at ensuring size standards accurately reflect current market conditions. With these changes, an estimated 13,000 additional firms will now qualify as small businesses, making them eligible for SBA loan programs and federal procurement opportunities. The revised size standards will come into effect on October 24, 2012. Interested parties can access the final rule, along with the original proposed rule and public comments, via Regulations.gov. The contract associated with this adjustment is listed under solicitation number SBA-09TBD012-sect53, and further information can be obtained from the point of contact, Carl J Jordan, via email or phone. Although specific organizational or location details are not provided, the update represents a timely modification to SBA’s eligibility criteria within the real estate sector.