NAICS codes: Is your Company a Small Business? 

Posted by John Abel on Jan 10, 2018 2:00:00 PM

Having a small business designation can fuel marketing and sales efforts for new federal business opportunities. Every year, the Small Business Administration (SBA) aims for certain percentage goals of budget spending that are designated for small business contracts. So, it’s critical to know if your company is eligible for small business set-aside contracts, but how to be sure? The answer is lies in the North American Industry Classification System (NAICS). Your company’s NAICS codes help determine if you qualify as a small business based on certain size standards. Through the Small Business Act, the SBA established size standards for NAICS codes to help businesses get their designation, and see relevant opportunities for which they qualify. 

Find out if you are a small business

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Topics: GSA Contract Consulting, Government Contracting, SBA, GSA, NAICS

New GAO Report: Federal Agencies Report Incorrect Data to SBA

Posted by Kevin Lancaster on Apr 20, 2015 4:09:00 PM

A Government Accountability Office (GAO) report, dated April 15, concluded that federal agencies reported incorrect information to the Small Business Administration (SBA) for the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs for fiscal year 2013.

The SBA’s ability to completely conclude compliance with spending requirements for the SBIR and STTR programs for fiscal year 2013 is incomplete, because most agencies submitted budget numbers, but not their spending obligations. Spending obligations are the foundation for calculating an agency’s spending requirements for SBIR and STTR.

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Topics: SBA, News

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