“SBA has issued final rules updating size standards in the categories summarized below. The new size standards will become effective April 30, 2022…”
“Professional, Scientific and Technical Services; Management of Companies and Enterprises; Administrative and Support and Waste Management and Remediation Services. (Final Rule)
“SBA is increasing the size standards for 46 industries in those sectors, including 27 industries in NAICS Sector 54 (Professional, Scientific and Technical Services), two industries in Sector 55 (Management of Companies and Enterprises), and 17 industries in Sector 56 (Administrative and Support and Waste Management and Remediation Services).”
Within these categories, here are a few common NAICS codes that will see increases:
- NAICS 541310 (Architectural Services) from $8 million to $11 million
- NAICS 541330 (Engineering Services) from $16.5 million to $22.5 million
- NAICS 541611 (Administrative Management and General Management Consulting Services) from $16.5 million to $21.5
- NAICS 541990 (All Other Professional, Scientific and Technical Services) from $16.5 million to $17 million…” Read the full article here.
Source: SBA Issues Final Rule Increasing Some Size Standards – By Shane McCall, March 31, 2022. SmallGovCon.
