SBA increases small business size standards for NAICS Sector 31-33, Manufacturing

The United States Small Business Administration (SBA) has issued a final rule to do the following: * Increase small business size standards for 209 industries in NAICS Sector 31-33, Manufacturing. * Modify the size standard for NAICS 324110, Petroleum Refiners, by · increasing the refining capacity component of the size standard to 200,000 barrels per calendar day for businesses that are primarily engaged in petroleum refining; and by · eliminating the requirement that 90 percent of the output to be delivered be refined by the successful bidder from either crude oil or bona fide feedstocks. * Update footnote 5 to NAICS 326211 to reflect current Census Product Classification Codes 3262111 and 3262113. SBA estimates that about 1,250 additional firms will become small because of revised size standards for the 209 industries in NAICS Sector 31-33. You may read/download SBA's final rule at Regulations.gov (search on "RIN 3245AG50" [without quotes]). You may also review the originally proposed rule together with all of the comments submitted by going to Regulations.gov. The proposed rule and the comments are included in the same docket. The revised size standards are effective February 26, 2016.