SBA Hikes Size Standards for Dredging and Land-Subdivision Construction Firms

Dredging companies and construction firms that do land-subdivision work soon will face a higher maximum revenue level to qualify for federal small-business aid programs offering, for example, loans and contracts.

A Small Business Administration final rule, which takes effect on Jan. 22, hikes dredging firms' "size standard" in average annual receipts, to $25.5 million from $20 million. Land-subdivision firms' mark rises to $25.5 million from $7.5 million.

Other SBA construction category standards were unchanged: General contractors' level remains at $33.5 million; specialty-trade contractors' mark is still at $14 million.

Pam Hunter McFarland was a Senior Editor of ENR and her expertise was: Sourcebooks, Environment, Labor

Tom Ichniowski has been writing about the federal government as ENR’s Washington Bureau Chief since the George H.W. Bush administration, and he has covered at least five major highway bills. A recognized expert on government policy on infrastructure and regulation, Tom is also a Baltimore native and Orioles fan who grew up rooting for Brooks and Frank Robinson. He is a graduate of Columbia College and Columbia’s graduate school of journalism, where he once used “unrelentless” in a headline.

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