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Gov’t proposes to redefine ‘small businesses’

Published
  • March 24 2011, 9:25am EDT
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The U.S. Small Business Administration has proposed to adjust the size definition of small businesses in professional, scientific, and technical sectors, and other service sectors, to expand eligibility for small business programs.

 The proposed rule, which was published for comment last Wednesday in the Federal Register, would increase the revenue-based size definition that businesses need to meet to qualify as small businesses. It applies to businesses in 36 industries and one sub-industry in professional, scientific and technical services, and one industry in other service sectors.

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