The Small Business Administration's recent increase in size limits for small business opens the door to more firms but has evoked mixed reviews from lawmakers and small business organizations, reports Govexec.com.
The National Federation of Independent Business said in a statement that it is not clear why the definition was changed and National Small Business Association spokeswoman Molly Brogan told Govexec that she is concerned "with it lumping together businesses that have different interests and concerns."
But Rep. Gerry Connolly (D-Va.), co-author of the Small Business Protection Act with Rep. Joe Walsh (R-Ill.), wants the government not to worry about redefining small business but instead add "complementary incentives for advanced [and] growing small businesses."
The new size increase is scheduled to take effect on March 12. Reference Article
Please wait while my tweets load