SBA and SPARK Update - Small Business Size Standards

On Saturday, October 1st, SPARK will be updated to comply with changes announced by the SBA regarding adoption of the 2022 North American Industry Classification System for Size Standards that also goes into effect on Saturday, October 1st.

The NAICS 2022 revision created 111 new industries by reclassifying, combining, or splitting 156 NAICS 2017 industries or their parts. Those industries will now have Size Standards that can be applied to test for smallness, and the 'workaround' detailed in a February update is no longer necessary.

The full SBA announcement can be referenced here.

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