Article
SBA Proposes Major Changes To Small Business Methodology And Size Standards
The U.S. Small Business Administration has proposed a sweeping overhaul of its size standards that would consolidate nearly 1,000 industry-specific classifications into 338 broader categories while significantly raising eligibility thresholds across multiple sectors. The proposed changes would expand small business eligibility for federal contracting programs, potentially affecting over 114,000 firms and more than $71 billion in contract awards, with some industries seeing threshold increases from $34 milli
Greenberg Traurig, LLP