A size threshold established by the U.S. Small Business Administration (SBA) that determines whether a business qualifies as a small business for a particular industry. Size Standards are assigned by NAICS Code and are typically based on either average annual receipts or the average number of employees, depending on the industry. A company’s size standard determines its eligibility for federal small business programs, including set-aside contracts and socioeconomic certifications. The SBA periodically reviews and updates size standards to reflect changes in industries and economic conditions
Size Standard
An SBA threshold, by NAICS code, based on receipts or employees that determines whether a business qualifies as small.
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The official compilation of permanent U.S. federal laws, providing the statutory basis for many contracting requirements.
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