SBA News:

SBA Announces Size Standards Public Hearings

The U.S. Small Business Administration announced a schedule of 11 public hearings that will take place across the country to get input from small business owners on how to improve the agency’s size standards regulations, which are used to define the size of small businesses.

The forums will allow small business owners to provide valuable input to SBA officials that will help the SBA simplify and restructure its size standards and make other changes that will make the size standards easier to understand and use. The SBA also will be seeking testimony on the participation of research and development companies that are majority-owned by venture capital companies in the SBA’s Small Business Innovation Research program.

Size standards are important to businesses that seek assistance from SBA’s small business programs, including federal contracting. The SBA would like to hear directly from the public before deciding which improvements to pursue. The SBA will consider a new size standards proposal once a thorough review of comments received from the public is completed. The SBA is currently evaluating more than 6,000 comments that were submitted in response to the advance notice.

Schedule: http://www.sba.gov/news/05-31-Size-Standards-Hearings.pdf

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