SMALL BUSINESS ADMINISTRATION (SBA) ESTABLISHES NEW TABLE OF SIZE STANDARDS BASED ON NORTH AMERICAN INDUSTRY CLASSIFICATION SYSTEM (NAICS) TO REPLACE TABLE BASED ON STANDARD INDUSTRIAL CLASSIFICATION (SIC) SYSTEM. The Small Business Administration (SBA) has amended its Small Business Size Regulations (13 CFR 121) by establishing a new table of small business size standards for industries as the North American Industry Classification System (NAICS) defines them. These new size standards are effective beginning with Fiscal Year 2001, which starts on October 1, 2000. Small business size standards currently exist for most industries under the Standard Industrial Classification (SIC) system. SBA has determined that NAICS is a better description of industries in the U.S. economy than the SIC system for purposes of establishing size standards. SBA proposed this changed in the Federal Register on October 22, 1999. The Final Rule appeared in the May 15, 2000 Federal Register (64 FR 30836-30863). It is available on SBA's Website at http://www.sba.gov/size/. WEB: SBA Size Standards, http://www.sba.gov/size/. E-MAIL: SBA Office of Size Standards, sizestandards@sba.gov. Posted 05/16/00 (W-SN455479).

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