Small Business
To be considered a small business, a firm must be:
•Independently owned or operated,
•Not dominant in the field under which it is pursuing government contracts,
•Qualified under the NAICS criteria in 13 CFR part 121.
The NAICS codes provide criteria for determining whether a business is considered small by its industry code. The standard for being a small business is set by number of employees or by the average annual sales over a three-year period.
•Independently owned or operated,
•Not dominant in the field under which it is pursuing government contracts,
•Qualified under the NAICS criteria in 13 CFR part 121.
The NAICS codes provide criteria for determining whether a business is considered small by its industry code. The standard for being a small business is set by number of employees or by the average annual sales over a three-year period.