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Size standards define the largest size a business can be to participate in government contracting programs and compete for contracts reserved or set aside for small businesses. Size standards vary by industry and are generally based on the number of employees or the amount of annual receipts the business has.

Generally, large businesses are those in most mining and manufacturing industries that employ 500 or more individuals, or those that do not manufacture goods and have an average of $7 million in annual receipts.

Meet size standards The SBA assigns a size standard to each NAICS code. Most manufacturing companies with 500 employees or fewer, and most non-manufacturing businesses with average annual receipts under $7.5 million, will qualify as a small business. However, there are exceptions by industry.

Ing to the SBA, some manufacturing companies can have up to 1,500 employees and still be determined to be small businesses. In mining, large businesses are those that have 500 or more employees.

Your NAICS Code size standard is determined by either your business size in the number of employees or receipts in millions of dollars within an industry. The Small Business Administration (SBA) lists the relevant size standards for your primary NAICS Code on its website.

More Definitions of Large business Large business means any non-women- or minority-owned, or service-disabled business as defined above or any business having more than 250 employees or more than $10 million in gross receipts averaged over the previous three years.

The SBA assigns a size standard to each NAICS code. Most manufacturing companies with 500 employees or fewer, and most non-manufacturing businesses with average annual receipts under $7.5 million, will qualify as a small business.