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    Definition of 'Small Business' Greatly Expanded

    By Marc Tracy

    We frankly don't know enough about the retail and hospitality industries to pass sure judgment on the Small Business Administration's decision to change its standards so as to allow more, bigger businesses in those industries to claim to be small businesses, and therefore to be eligible for various federal small-business programs (so the Washington Business Journal reports). Maybe office supplies are priced in such a way that stores with $30 million in annual revenue are still small businesses? (Seriously, we really don't know: if you do, please tell us in the comments.)

    All that said, color us skeptical of this move. At a time when SBA loan programs are only expanding, and especially at a time when the federal government continues to fail to meet its legally-mandated quota of small-business contracts, now does not strike us as the ideal time to institute radical expansions of the ranks of small businesses.

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    October 30, 2009 2:32 PM

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    The Purpose Linked Organization

    by Alaina Love

    On Tuesday, July 14 earn how to harness your employees' passions so that they further your own.

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