SBA updates employee based small business size standards for Industries that are not part of Manufacturing (NAICS Sector 3133), Wholesale Trade (NAICS Sector 42), or Retail Trade (NAICS Sector 4445)
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The Small Business Administration (SBA) has issued a final rule updating employee-based small business size standards for 36 industries and certain exceptions outside of the Manufacturing, Wholesale Trade, and Retail Trade sectors. This rule increases size standards for 30 industries and three exceptions while reducing the size standards from 500 to 250 employees for three specific mining industries: Anthracite Mining, Silver Ore Mining, and Uranium-Radium-Vanadium Ore Mining. The rule also retains the Information Technology Value Added Resellers (ITVAR) exception with a 150-employee size standard, while adding a requirement that supply components comply with nonmanufacturing performance rules. Additionally, the rule eliminates exceptions related to Offshore Marine Air Transportation Services and Offshore Marine Services, removing certain subsector size standards and footnotes. SBA estimates that approximately 375 more firms will qualify as small businesses under the increased size standards. The updated standards became effective on February 26, 2016. Interested parties can access the full final rule and associated comments through Regulations.gov. For further information or clarification, Carl J Jordan is the point of contact at the SBA, reachable via email or phone. This action aims to better align small business size standards with current industry dynamics outside the major sectors of manufacturing, wholesale, and retail trade.
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