SBA increases size standards for NAICS Sector 61, Educational Services

The Small Business Administration (SBA) has announced an increase in the small business size standards for nine industries within NAICS Sector 61, Educational Services, while maintaining the existing standards for the remaining eight industries and one sub-industry in this sector. This adjustment follows a comprehensive review conducted by the SBA to evaluate whether the current thresholds appropriately define small businesses eligible for SBA programs. As a result of the updated standards, approximately 1,500 additional firms will now qualify as small businesses, making them eligible for SBA loan programs and Federal procurement opportunities. The revised size standards will take effect on October 24, 2012. Interested parties can access the SBA's final rule, along with the original proposed rule and related public comments, via Regulations.gov using the provided docket number. The contract announcement includes a point of contact, Carl J Jordan, for further inquiries. While specific detailed information about the type of contract or agency involvement is not provided, the notice highlights the regulatory adjustment's impact on educational service industries and underscores SBA’s commitment to supporting small businesses within this sector.