The U.S. Small Business Administration is seeking public comments on a proposed rule that would revise the small business size standards for businesses in five North American Industrial Classification System (NAICS) sectors to increase small business eligibility for SBA’s loan and contracting programs.
Comments can be submitted on this proposed rule on or before Jan. 26, 2021 at:
(using the following RIN number: RIN 3245-AG88).
You may also comment by mail to:
Khem R. Sharma, Chief, Size Standards Division,
409 3rd Street SW,
Mail Code 6530,
Washington, D.C., 20416.
The NAICS sectors reviewed in the proposed rule are:
- Education Services
- Health Care and Social Assistance
- Arts, Entertainment and Recreation
- Accommodation and Food Services
- Other Services
SBA proposes to increase size standards for 70 industries in those sectors.
SBA estimates that about 4,700 additional firms in these three sectors will become eligible for SBA’s programs under the revised size standards, if adopted.
The proposed rule is part of a five-year comprehensive review of small business size standards, as required under the Small Business Jobs Act of 2010. The proposed revisions reflect changes in industry and federal marketplace conditions and SBA’s policy position under the current