Proposed SBA Size Standard Rule
What you need to know
The Small Business Administration is proposing to increase the small business size standard for engineering firms from $4.5 to $19 million in average annual gross revenue. The change will impact ACEC Members across the board. For more information on ACEC activities on this issue click here. To read about the proposed changes, go to www.sba.gov and click on "What’s New with Size Standards."
On April 20, 2011 ACEC submitted a letter to SBA requesting an extension on the deadline for commentary on this rule, currently due May 16, 2011, until September 30, 2011 because of the wide-ranging impacts on ACEC’s membership. To read this letter click here.
On May 5, 2011 ACEC testified before the House Committee on Small Business on the issue of size standards. Small Firm Council and CASE member John Woods, of Wood Peacock Engineering Consultants in Alexandria, VA, represented ACEC. Click here to read his testimony. Click here for the House Committee on Small Business website to read more and watch a video of the hearing.
The Small Firm Council has made recommendations to ACEC on behalf of small firms. To read this letter, click here.
On May 13, 2011 the SBA announced an extension of the comment period to June 15, 2011. To read the announcement in the Federal Register, click here.
With input across ACEC membership, small, medium and large firms alike, ACEC submitted commentary to the SBA. Click Here to read.
If you have any questions regarding size standards, please contact Mark Steiner at msteiner@acec.org.
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