SBA Final (Four) Rules: Receipts-Based Size Standards for 229 Industries to Increase
The NCAA Men's Final Four will take place on Saturday and the Women's Final Four will take place tonight. Perhaps in feeling the excitement of March Madness, yesterday, the U.S. Small Business Administration ("SBA") published its final (four) rules to increase the receipts-based size standards for over two hundred North American Industry Classification System ("NAICS") codes. Small businesses in the NAICS Sectors below should check these rules to see if your size standard is going up.
All four rules are effective on May 2, 2022.
SBA is increasing size standards for 68 industries in NAICS Sectors 11, 21, 22, and 23, including:
115310 – Forest Fire Suppression Services – from $20.5 million to $30 million
115310 (Exception 2) – Fuels Management Services – from $20.5 million to $30 million
221310 – Water Supply and Irrigation Systems – from $30 million to $36 million
237990 (Exception) – Dredging and Surface Clean-Up Activities – from $30 million to $32.5 million
SBA is increasing the size standards for 70 industries in NAICS Sectors 61, 62, 71, 72, and 81, including:
611710 – Educational Support Services – from $16.5 million to $21 million
712190 – Nature Parks and Other Similar Institutions – from $8 million to $17 million
811213 – Communication Equipment Repair and Maintenance – from $12 million to $19.5 million
812990 – All Other Personal Services – from $8 million to $13 million
SBA is increasing the size standards for 46 industries in NAICS Sectors 54, 55, and 56, including:
541330 – Engineering Services – from $16.5 million to $22.5 million
541490 – Other Specialized Design Services – from $8 million to $12 million
541611 – Administrative Management and General Management Consulting Services – from $16.5 million to $21.5 million
541990 – All Other Professional, Scientific and Technical Services – from $16.5 million to $17 million
SBA is increasing the size standards for 45 industries in NAICS Sectors 48-49, 51, 52, and 53, including:
481219 – Other Nonscheduled Air Transportation – from $16.5 million to $22 million
485113 – Bus and Other Motor Vehicle Transit Systems – from $16.5 million to $28.5 million
517410 – Satellite Telecommunications – from $35 million to $38.5 million
531312 – Nonresidential Property Managers – from $8 million to $17 million
Takeaway
The SBA final (four) rules are welcome news for small business, as the size standards for 229 industries are set to increase on May 2, 2022. Contractors in the above NAICS Sectors should check these rules to see if any of your size standards will be increasing. For some small businesses, this rule change means that you might be able to stay small, and therefore remain eligible for set-aside contracts, for a longer time.
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