Small Business Administration Guidelines

  • Beitrags-Autor:
  • Beitrags-Kategorie:Allgemein

Types of small businesses: The federal government defines the types of small businesses and sets related objectives to promote balanced growth and utilization of all small businesses. All agencies, including DCC, have annual procurement targets for each large type of small business. To be eligible for a small business contract, a business must be considered „small“ according to the SBA`s industry size standards. The SBA defines industry-specific size standards based on the average number of employees in the past 12 months or the average annual revenue over the past three years, classified according to North American Industry Classification System (NAICS) codes. Please visit the SBA website to determine if your company qualifies the external symbol as a small business, to learn more about NAICS codesexternal symbol and to search for your industry codes. Although size standards vary from industry to industry, the SBA uses the following general criteria to define a small business. A small business. CDC`s fiscal year 2016 small business goals for each major type of small business, as defined by HHS, are listed below. According to the SBA, a small enterprise is an independently owned and operated enterprise that does not hold a dominant position in its field of activity and that meets certain industry criteria.

The following table provides an overview of the main types of classifications for small businesses and their eligibility criteria. Click on the name of the type of small business you wish to redirect to the SBA website to learn more about the resources and programs available for each type of business.