"The rule would have caused thousands of small contracting firms to lose their small-business size eligibility," said Stephen E. Sandherr, AGC chief executive officer. "We are pleased that SBA has heeded our warning about the harm this proposal would have had."
Negative effects on small businesses that AGC was concerned about included:
The rule proposed simplifying size standards by establishing the number of employees as a common standard for all industries, and by reducing the number of individual size standard levels from 37 to 10. The current 37 standards are based either on monetary amounts or number of employees. To date, SBA has received more than 3,700 public comments. SBA intends to issue an Advance Notice of Proposed Rulemaking in order to collect additional information to review the issues raised by the comments on the proposed rule.
Publication date: 07/19/2004