UPDATE: Effective July 19, 2023, the three rules below are published as final rules without any changes.
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In 2022, if your business was on the cusp of the small business size standard for your industry, you may want to check again. Three SBA interim final rules effective December 2022 --
1) added a 13.65% inflationary factor to the small business size standards not previously included in NAICS 2022,
2) increased monetary-based size standards for sales or leases of government property, stockpile purchases, and the alternative size standard for the Small Business Investment Company (SBIC) program, and
3) adjusted the economic disadvantaged thresholds for the 8(a) and EDWOSB programs, and increased the dollar limit for combined total 8(a) contracts.
Details and new size standards by NAICS, can be found at: https://www.federalregister.gov/documents/2022/11/17/2022-24595/small-business-size-standards-adjustment-of-monetary-based-size-standards-disadvantage-thresholds
NOTE: While interim rules are currently in effect, they are subject to changes based SBA's consideration of public comments (closed 1/17/2023). Any resulting changes would be published in a forthcoming final rule.
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