SBA increases size standards for NAICS Sector 71, Arts, Entertainment, and Recreation

The Small Business Administration (SBA) has revised the receipts-based size standards for 17 industries within NAICS Sector 71, which encompasses Arts, Entertainment, and Recreation, while maintaining the existing size standards for the remaining eight industries in this sector. This update is part of a comprehensive review to ensure that size standards accurately reflect current industry conditions. As a result of these changes, approximately 1,450 additional firms now qualify as small businesses and become eligible for SBA’s loan and federal procurement programs. These revisions became effective on July 22, 2013. Details related to this rule and its public commentary are available through the SBA’s official regulatory docket, and interested parties can access full documentation online. The solicitation linked to this update is identified under number SBA-07202013-sect71 and references NAICS code 926110. For further inquiries or clarifications, the point of contact is Carl J Jordan, reachable via email or phone. This initiative supports the SBA’s ongoing commitment to facilitating access to financial and procurement assistance for businesses in the arts and entertainment industries.