New York SBDC Research Network

WASHINGTON – The U.S. Small Business Administration published today a package of revised size definitions for three broad commercial sectors affecting businesses in retail trades, accommodations and food services, and other services. The changes were proposed on October 21, 2009, and will broaden small business eligibility and help them gain access to SBA’s financial assistance, contracting and other programs. The agency estimates as many as 17,000 additional firms will become eligible for SBA programs as a result of the revised size standards. “These increases in the size standards mean more of America’s small businesses will be eligible for and can access the resources and services the SBA and other federal agencies have available,” said SBA Administrator Karen G. Mills. “This comprehensive review is aimed at making sure the factors that determine eligibility are aligned with current economic and industry indicators and ensure that small businesses across the country have the tool...

We get lots of requests that try & show the growth, or decline, of certain industries (or of small business in general) over a given time period, or in a given place. Our responses have always required getting a bit of data here, and a bit of data there, and involving way too much formatting of spreadsheets. I've just learned of the Census Bureau's new "Business Dynamics Statistics" website. (A lot of people just learned of the site - it just rolled out on December 1st.) However, after reading what it's all about , I'm tempted to say that we'll now be able to answer these questions a whole lot more easily. Here's a press release from Census, telling us just what to expect: "The U.S. Census Bureau announces the release of the Business Dynamics Statistics (BDS), a data series that allows users to track annual changes in employment for growing and shrinking businesses at the establishment level. There are more than 6 million establishments with p...