[cl004]

I think of local people who have a shop or run a garage/repair/gasoline outfit...have a franchise for MickyD's etc.

I was shocked the first time I saw what qualified as a small business

What are small business size standards?
Small business size standards are numerical definitions of what constitutes a small business. A business concern is small if it is at or below a size standard. If a business concern is small it is eligible for Federal government programs reserved for small business concerns. Size standards have been established for types of economic activity, or industry, as defined under the North American Industry Classification System (NAICS). The most size standards are defined based on either average number of employees over the past 12 months or average annual revenues over the past three years. The most common standards are as follows:
$0.75 million for most agricultural industries
$33.5 million for heavy construction industries
$14.0 million for specialty trade contractors
500 employees for most manufacturing and mining industries
100 employees for all wholesale trade industries
$7.0 million for most retail and service industries
(For complete list of size standards, see the SBA's Table of Small Business Size Standards).

About one-fourth of industries have a size standard that is different from these levels. They vary from $0.75 million to $35.5 million for size standards based on average annual revenues and from 100 to 1,500 employees for size standards based on number of employees. Several SBA programs have either alternative or unique size standards. For instance, the Small Business Innovation Research Company (SBIC) and Certified Development Company (CDC) Programs use either the industry based size standards or net worth and net income based size standards. List of facts and frequently asked questions answered:
http://web.sba.gov/faqs/faqindex.cfm?areaID=15

The reason I find this interesting is the talking point the right uses....that it is for 'small business'....(I hear angels singing when they say it...lol)

[Hrennilasi]

amazing isn't it? brought to you by the same ppl who claim $250,000 is a middle class family