The SBA Issues a Final Rule to Adopt NAICS 2022 for Small Business Size Standards

The U.S. Small Business Administration (SBA) updates its table of small business standards adopting the U.S. Office of Management and Budget’s (OMB) North American Industry Classification System (NAICS) revision for 2022 (NAICS 2022). NAICS 2022 created 111 new industries by reclassifying, combining, or splitting 156 NAICS 2017 industries or their parts. SBA's size standards for these 111 new industries under NAICS 2022 have resulted in an increase to the size standards for 22 industries and 29 parts of two industries under NAICS 2017, a decrease to size standards for seven industries and 53 parts of two industries, a change in the size standard measure from average annual receipts to number of employees for one industry, a change in the size standard measure from number of employees to average annual receipts for a part of one industry, and no change in size standards for 117 industries and 19 parts of seven industries.  The updated size standards are effective October 1, 2022. You can see SBA’s final rule at www.regulations.gov (search on “RIN 3245 AH89” [without quotes]). You can also review the proposed rule together with all of the public comments by going to www.regulations.gov. The proposed rule and the comments are included in the same docket.