The U.S. Small Business Administration is calling for comments on two proposed changes to small-business size definitions, reflecting changes in marketplace conditions.
The changes, which were recently published in the Federal Register, would revise size definitions in three sectors: agriculture, forestry, fishing and hunting; finance and insurance, and management of companies and enterprises.
Revising the small-business size definitions could increase the number of companies eligible for SBA loans and federal procurement programs.
Comments can be submitted on these proposed rules on or before Nov. 13 at www.regulations.gov, identified by the following RIN numbers:
-Proposed Rule: Small Business Size Standards; Agriculture, Forestry, Fishing and Hunting (NAICS Sector 11) (RIN 3245-AG43).
-Proposed Rule: Small Business Size Standards; Finance and Insurance, and Management of Companies and Enterprises (NAICS Sectors 52 & 55) (RIN 3245-AG45).
Comments can also be mailed to Khem R. Sharma, Chief, Size Standards Division, 409 3rd St., SW, Mail Code 6530, Washington, DC 20416.
For more information, visit SBA online.