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Naics Codes

All articles tagged with #naics codes

us-politics1 month ago•12 min saved

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.

via The Independent|

#federal-contracts #kelly-loeffler #naics-codes

government-and-policy2 months ago

SBA Proposal Would Raise IT and Consulting Size Thresholds, Expanding Small Business Pool

The Small Business Administration has proposed a major overhaul of size standards that would significantly raise revenue thresholds for IT and consulting firms. This change could allow approximately 37,000 additional federal contractors to qualify as small businesses, expanding the pool of eligible firms for set-aside contracts. The proposal consolidates numerous six-digit NAICS codes into broader four- and five-digit categories, shifting some metrics from receipts to employee counts. While this provides larger firms with more room to grow before losing small business status, it may intensify competition for limited set-aside opportunities. Public comments are due by September 21, 2026.

via OrangeSlices AI|

#federal-contracting #government-and-policy #it-services