SBA Proposes Sweeping Overhaul to Redefine 'Small Business' for Federal Contracts
The Small Business Administration (SBA) has proposed a major rule change that would significantly raise revenue and employee thresholds for federal 'small business' status, potentially including companies with over $1 billion in revenue. The move aims to simplify classification systems and expand eligibility for government contracts, but critics warn it could disadvantage the smallest firms by forcing them to compete against much larger rivals.
