SBA Redefines ‘Small’ Business

Is your company the definition of a "small business"–at least according to the U.S. Small Business Administration?

The answer, of course, can make the difference between a shot at billions of dollars of government contracting dollars–and being barred access. That’s because some 23 percent of all federal contracting dollars are earmarked for so-called "small businesses," and it’s the SBA that defines what qualifies in each industry.

The SBA recently raised the size standards for 58 industries; the new definitions take effect Oct. 24.

Courtney Rubin

Full Story: http://www.openforum.com/articles/sba-redefines-small-business