The U. S. Small Business Administration increased the size definition for small businesses in the facilities support services industry. The limit on the size of business that can be called "small" used to be $6 million (US) in average annual receipts -- now it is $30 million (US).
The new size standard became effective November 14, 2003. It lets more companies qualify for SBA assistance and compete as a small business for federal contracts.
The SBA concluded that raising the size limit for the facilities support services industry was appropriate. The higher size limit reflects the size of federal contracts and allows these businesses to grow to a size where they can effectively compete.
NOTE: Size standards are established separately for industry groups as defined by the North American Industry Classification System (NAICS codes). The announced change does not affect any industries other than facilities support services.
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