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 2017 (NAICS 2017). NAICS 2017 created 21 new industries by reclassifying, combining, or splitting 29 existing industries under changes made to NAICS in 2012 (NAICS 2012). The SBA’s size standards for these 21 new industries result in an increase to size standards for six NAICS 2012 industries and part of one industry, a decrease to size standards for two, a change in the size standards measure from average annual receipts to number of employees for one, and no change in size standards for twenty industries and part of one industry.
The updated size standards are effective October 1, 2017.
You can see SBA’s final rule at www.regulations.gov (search on “RIN 3245 AG84” [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.