The U.S. Small Business Administration has changed the
dollar amount of a business’ annual receipts that determines
whether it is eligible for to win federal contracts in the
facilities support services industry and receive assistance
by raising the revenue criterion from a maximum of $6
million to $30 million in annual receipts, which will bring
more companies under the “small” business category.
Companies in favor of the change argued that the criterion
more accurately reflects the size of the government contracts
in that industry and therefore would enable smaller businesses
to grow and better compete with larger companies, says SBA,
which adds it looked at average firm size, start up costs
and competition in the industry when reaching its decision.
SBA offers financing and loan programs and contracting and
business development programs. To learn more, visit SBA’s
Office of Size Standards at http://www.sba.gov/size.