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The U.S. Small Business Administration (SBA) recently announced that it is withdrawing proposed rules that would have changed the standards by which a business is designated small for the purposes of government programs.
Administrator Barreto has worked hard to make the SBA more like the small businesses it serves every day, and that means being responsive to our customers, SBA Associate Deputy Administrator for Government Contracting Allegra McCullough said. That is why we have decided to revisit this issue. All new rules have a 60 day comment period. Because we knew this issue was so important to Americas small business owners, we actually extended that period to 105 days. During that time, we strongly encouraged our small business customers to contact us with their thoughts on the revisions. They did just that, and what they told us was, good intention, good idea, but needs a little more work.' This issue is important to our mission, and its important to Americas small business owners.
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