Since November 5, the SBA has been reviewing the size standards of most categories of business and have universally raised the limits to include even more large businesses. Now, approximately 99.94% of all businesses are included in the SBA's definition of small (28 million businesses, only 17,000 don't qualify).How will this affect you, your business, and the SBAs ability to focus on true small businesses like yours and mine under 20 employees?Are you in favor of SBA's drive to increase the size def. of "small" to include even more large corporations? The SBA is asking for comments on this at regulations.gov. See the following and contribute to the discussion. http://chuckb.me/xuHAnd respond here as well - who is in favor of including more very large businesses under the SBAs protection?
Stephen Morris | Community Moderator |
4/28/2011 - 12:31 pm
Thanks for your post, chuckblakeman. For those interested in submitting comments on the proposed change to SBA size standards, please do so here http://www.regulations.gov/#!documentDetail;D=SBA-2011-0008-0001
For anyone who is not familiar with SBA size standards, all the basic information and how to determine if your business is "small" according to the latest size standards is available at http://www.sba.gov/size
Also, we set up a site to ask small business owners for their feedback and ideas about reducing regulatory barriers to entrepreneurship. Check it out here http://reducingbarriers.ideascale.com/
Stephen Morris | Community Moderator | 4/28/2011 - 12:31 pm
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