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What is a NAICS threshold?

Each NAICS Code is assigned either a threshold dollar amount for revenue or number of employees, so you can determine if your business qualifies as small for opportunities for that NAICS Code. If your company falls under the dollar amount or employee number, then the SBA considers you a small business concern.

What is the NAIC code 541330?

541330 Engineering Services This industry comprises establishments primarily engaged in applying physical laws and principles of engineering in the design, development, and utilization of machines, materials, instruments, structures, processes, and systems.

What is the threshold for NAICS 541330?

SBA agrees with commenters that its proposal to increase the size standard for NAICS 541330 from $16.5 million to $22.5 million will help small businesses in the industry, especially those near the size standard, to retain access to SBAs procurement and financial assistance programs for a longer period.

What is the exception to NAICS 541330?

For example, NAICS code 541330, Engineering, has a size standard of $16.5 million, but, if the engineering services are for military equipment and weapons, an exception applies that balloons the size standard to $35.5 million.

What is the small business threshold for 2023?

Effective January 1, 2023, the SB certification size standards will be updated as follows: SB Micro GARs limit will remain unchanged at $5 million. SB GARs limit will remain unchanged at $16 million. SB-PW GARs limit will be increased from $37 million to $38 million.

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