June 25, 2022

Volume XII, Number 176

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SBA Updates Size Standards for Many Industries

On March 31, 2022, the Small Business Administration issued several Final Rules, as part of the ongoing effort to update the Small Business Size Standards for many industries. 

The SBA size standards are important – businesses that qualify as “small” under these size standards can gain access to many additional opportunities set aside for small businesses.  The size standards are also important for businesses looking to qualify for Disadvantaged Business Enterprise (DBE) certification.  To be a DBE, you must meet the SBA size standards for your primary industry code (i.e. your NAICS code).

One of the more notable increases is for Engineering Services (NAICS 541330) which increased from $16.5 million to $22.5 million.  This is a welcome increase for engineering firms that look to benefit from the infrastructure spending.

Want to check to see if your NAICS code was one that had a change?  Refer to the links below, as the most up-to-date table of all NAICS codes (in the Code of Federal Regulations) does not yet include this new information. Please also keep in mind that the tables provided on the SBA’s website have not been updated since 2019 and do not have the most up-to-date information.

Links to the four Final Rules issued on March 31, 2022 and effective May 2, 2022:

©2022 Strassburger McKenna Gutnick & GefskyNational Law Review, Volume XII, Number 98
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About this Author

Danielle L. Dietrich SMGG Attorney Pittsburgh, PA
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Danielle L. Dietrich, Shareholder in the Pittsburgh Office of SMGG, focuses her practice in the areas of women and diverse-owned businesses, healthcare, elder law and litigation.  She has a broad range of experience in providing legal counsel and advice to her clients (both large and small), as well as having handled a wide range of disputes and litigation in Pennsylvania, Ohio and West Virginia.

A large portion of Ms. Dietrich’s practice focuses on the representation of women and diverse-owned businesses.  That practice includes assisting these...

(412) 281-5423
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