SBA Proposes Increased Small Business Size Standards

Law360, New York (March 17, 2011, 5:38 PM EDT) -- The U.S. Small Business Administration announced proposed new rules Wednesday that would increase the maximum size standards for small businesses and allow nearly 10,000 additional companies to work with federal agencies.

Under the first significant change to the size standards in 25 years, small businesses in 36 industries that are close to exceeding their current size standards can retain their small business eligibility, according to the SBA.

The agency made the change after the Small Business Jobs Act of 2010 required it to review all of...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.