SBA increases size standards for NAICS Sector 61, Educational Services

The United States Small Business Administration (SBA) is increasing the small business size standards for nine industries in North American Industry Classification System (NAICS) Sector 61, Educational Services, and retaining the current size standards for the remaining eight industries and one sub-industry ("exception") in this Sector. As part of its ongoing comprehensive review of all size standards, SBA evaluated every industry in NAICS Sector 61 to determine whether the existing size standards should be retained or revised. Up to 1,500 additional firms will be small under the new size standards and eligible for SBA loan and Federal procurement programs. You may read/download SBA's final rule at Regulations.gov (www.regulations.gov) (RIN 3245-AG29). You may also review the originally proposed rule together with all of the comments that the public had submitted by going to the same Regulations.gov. The proposed rule and the comments are included in the same docket. The revised size standards will be effective October 24, 2012.