SBA Adopts NAICS 2012 for Small Business Size Standards

The U.S. Small Business Administration (SBA) is amending its Small Business Size Regulations to incorporate the Office of Management and Budget's 2012 modifications of the North American Industry Classification System (NAICS), identified as NAICS 2012, into its table of small business size standards. NAICS 2012 has created 76 new industries and reused 11 2007 industry codes with additional or modified content. Those 87 NAICS 2012 industries consist of 208 industries and activities formerly identified in NAICS 2007. The large majority of the changes involve renumbering and/or redefining NAICS 2007 industries and activities in NAICS 2012, without any changes to the size standards that apply to them. SBA's adopting NAICS 2012 will result in changes to small business size standards for 42 industries or activities, mostly in Manufacturing. Effective October 1, 2012, Federal agencies and programs must use SBA's small business size standards based on NAICS 2012. If you would like to submit comments on SBA's interim final rule, identify them by RIN 3245 AG47. The interim final rule explains how to submit your comments to SBA. We recommend that you comment through the Federal eRulemaking Portal: http://www.regulations.gov/. Follow the instructions there for submitting your comments. SBA will not accept comments submitted by email to this interim final rule. You may also review the interim final rule together with comments from other interested parties by going to www.regulations.gov. The period for comments closes October 19, 2012.