February 13, 2012

State of Alabama
Press Release: Alabama Department of Commerce

The U.S. Small Business Administration Says Thousands of More Firms to Be Eligible for SBA Programs Under Revisions

February 10, 2012

http://www.al.com

The U.S. Small Business Administration today increased some of the size definitions of small busineses in the Professional, Scientific and Technical Services and Other Services categories.

The revisions, published as a final rule in The Federal Register, may allow as many as 8,350 additional firms to become eligible for U.S. Small Business Administration programs, the SBA said today.

The SBA, as part of an ongoing review of all size standards, evaluated all of the revenue-based size standards in each category to determine if revisions were necessary. The SBA said it took into account the structural characteristics within individual industries.

Among them: average firm size, the degree of competition, and federal government contracting trends to ensure that size definitions reflect current economic conditions within those industries.

The SBA determined that increasing the size standards in these industries will allow more small businesses to retain their small business status and will give federal agenies a larger selection of small businesses to choose from for small business procurement opportunities, the administration said.



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