SBA proposes change in size standards for real estate, education industries

first_imgProposed rules published today for comment in The Federal Register by the US Small Business Administration would adjust the size definition of small businesses in 29 industries in one sub-industry in two broad categories of businesses, ranging from real estate and property management to colleges, junior colleges and universities. The proposed adjustments to size standards in 20 industries and one sub-industry in Sector 53 of the North American Industry Classification System (NAICS), ‘Real Estate and Rental and Leasing,’ and in nine industries in Sector 61, ‘Educational Services,’ reflect changes in marketplace conditions in those sectors.   In both sectors, the proposed changes are based on annual gross revenues.  The standards delineate how large a business can be and still qualify as small for federal government programs. The dollar limits refer to annual revenues averaged over three years.  As part of the ongoing comprehensive review of all size standards as required under the Small Business Jobs Act of 2010, the SBA is evaluating all industries in these sectors that have revenue-based size standards to determine whether the existing size standards should be adjusted.  The last overall review of size standards occurred more than 25 years ago.The proposed changes take into account the structural characteristics within individual industries, including average firm size, degree of competition, and federal government contracting trends.  This ensures that size definitions reflect current economic conditions within those industries.  An SBA White Paper entitled ‘Size Standards Methodology’ (Oct. 21, 2009) explains how SBA establishes, reviews and modifies its receipts-based and employee-based small business size standards.  It is available for viewing at http://www.sba.gov/size(link is external). The upward revisions would allow some small businesses that are close to exceeding their current size standards to retain small business eligibility under the proposed higher size standards, and give federal agencies a larger selection of small businesses to choose from for small business procurement opportunities.  They also would allow more small businesses to qualify for SBA financial assistance.  SBA estimates that up to 13,000 more firms in Sector 53 and 1,500 more companies in Sector 61 will qualify for SBA assistance and other federal programs if the proposed revisions are adopted. Interested parties can submit comments on these proposed rules on or before January 17, 2012.  The SBA recommends that comments be submitted online at www.regulations.gov(link is external) or mailed to Khem R. Sharma, Chief, Size Standards Division, 409 3rd St., SW, Mail Code 6530, Washington, D.C.  20416.  The SBA will post all comments to www.regulations.gov(link is external) for public review.  The SBA does not accept comments submitted by email. For more information about SBA’s revisions to its small business size standards, click on ‘What’s New with Size Standards’ on SBA’s website at http://www.sba.gov/size(link is external).The proposed rule would affect the following industries in NAICS Sector 53: NAICScodes   NAICS Industry titles   Current size standard ($ million)       Proposed size standard ($ million)     531110  Lessors of Residential Buildings and Dwellings  $7.0    $25.5  531120  Lessors of Nonresidential Buildings (except Miniwarehouses)     $7.0    $25.5  531190  Lessors of Other Real Estate Property   $7.0    $25.5  Except, Leasing of Building Space to Federal Government by Owners       $20.5   $35.5  531210  Offices of Real Estate Agents and Brokers       $2.0    $7.0   531311  Residential Property Managers   $2.0    $7.0   531312  Nonresidential Property Managers        $2.0    $7.0   531320  Offices of Real Estate Appraisers       $2.0    $7.0   531390  Other Activities Related to Real Estate $2.0    $7.0   532111  Passenger Car Rental    $25.5   $35.5  532112  Passenger Car Leasing   $25.5   $35.5  532120  Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing        $25.5   $35.5  532210  Consumer Electronics and Appliances Rental      $7.0    $35.5  532220  Formal Wear and Costume Rental  $7.0    $19.0  532230  Video Tape and Disc Rental      $7.0    $25.5  532291  Home Health Equipment and Rental        $7.0    $30.0  532411  Commercial, Air, Rail, and Water, Transportation Equipment and Rental   $7.0    $30.0  532412  Construction, Mining and Forestry Machinery and Equipment Rental and Leasing    $12.5   $30.0  532420  Office Machinery and Equipment Rental and Leasing       $25.5   $30.0  532490  Other Commercial, and Industrial Machinery and Equipment Rental and Leasing     $7.0    $30.0  533110  Lessors of Nonfinancial Intangible Assets (except Copyrighted Works)    $7.0    $35.5  The proposed rule would affect the following industries in NAICS Sector 61: NAICS code       NAICS industry title    Current size standard ($ million)       Proposed size standard ($ million)     611110  Elementary and Secondary Schools        $7.0    $10.0  611210  Junior Colleges        $7.0    $19.0  611310        Colleges, Universities and Professional Schools        $7.0    $25.5  611420        Computer Training        $7.0    $10.0  611430        Professional and Management Development Training        $7.0    $10.0  611519        Other Technical and Trade Schools        $7.0    $14.0  611630        Language Schools        $7.0    $10.0  611699        All Other Miscellaneous Schools and Instruction        $7.0    $10.0  611710        Educational Support Services        $7.0    $14.0last_img read more

AG Pushes NY Ethics Reforms on Long Island

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York New York State Attorney General Eric Schneiderman Friday renewed calls for the state legislature to pass ethics reforms following recent corruption arrests—urging lawmakers to approve the measures before adjourning June 17.The proposed “End New York Corruption Now Act” includes campaign finance reforms such as lowering political contribution limits—which are the highest in the nation—eliminate the LLC Loophole that allows corporations to donate mass amounts of money to campaigns and limit contributions from lobbyists. The bill would also ban campaign funds from being used for personal uses, such as clothing or tuition.“Corruption in New York is nothing new,” Schneiderman told reporters during a news conference in Mineola. “The public needs a more fair and transparent government.”The proposal comes after former state Senate Majority Leader Dean Skelos (R-Rockville Centre) and former state Assembly Speaker Sheldon Silver (D-Manhattan) were both arrested and pleaded not guilty to federal corruption charges. Despite the arrests, the legislative leaders who replaced them reportedly do not plan on passing the reforms.The proposal includes banning outside income for state legislators and increasing legislative salaries to compensate. Another major reform would be to create a four-year legislation term, instead of the current two-year term. It would also would create new felonies for public servants that abuse their position.Good government groups backed the attorney general’s proposal.“The public has lost patience with Albany’s inability to address New York’s continuing crisis of corruption,” said Susan Lerner, executive director of Common Cause/New York who called the proposal “common sense and long-overdue measures.”Lisa Tyson, director of the Long Island Progressive Coalition, agreed.“By providing an alternative to pay-to-play politics, Attorney General Schneiderman’s plan will restore control of state government to voters instead of donors,” she said. “That will mean state laws that benefit the majority of New Yorkers instead of the richest 1 percent of the 1 percent.”last_img read more

Blizzard Forecast for Long Island on Valentine’s Day

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York A blizzard is forecast to dump three to eight inches of snow and up to 60-mph winds on Long Island, potentially causing blackouts on St. Valentine’s Day, forecasters said.The National Weather Service issued a blizzard warning for Suffolk County from 6 p.m. Saturday to 1 p.m. Sunday and a winter weather advisory for the same time period in Nassau County. The East End is likely to get the most snow. A high-wind advisory and wind chill advisory are also in effect for parts of LI.“The heaviest snow and strongest winds will occur late tonight through Sunday morning,” the agency’s Upton-based meteorologists said in a statement, adding that there may be “white out conditions.”A blizzard is defined as a severe snow storm that includes sustained winds of more than 35 mph that continue for three hours or more. The storm forecast to hit LI is expected to reduce visibility to a quarter mile on LI at times. It will likely down tree limbs and power lines, causing power outages, forecasters have said.The storm follows an arctic blast that brought single-digit temperatures to LI on Friday. The flakes are forecast to start falling after noon Saturday, with the snowfall becoming heavier after sundown. Areas of blowing snow are expected Sunday, when temps are predicted to be as low as 12 with wind chill values as low as -10.Once the storm leaves the area, Presidents’ Day is forecast as sunny and cold with a high of 20. Then, a 50-percent chance of snow is on tap for Tuesday night into Wednesday, forecasters said.In the event of a power outage, PSEG Long Island customers should call the utility’s customer service line at 1-800-490-0075, report online at psegliny.com or report power outages by texting “OUT” to PSEGLI (773454), once registered.Accuweather.comlast_img read more

Newbury beckons for Global Citizen | Racing News

first_img– Advertisement – “He likes to flick his toe out and attack the fences and not sit in behind horses where he can’t do that.”Pauling has announced the retirement of 2019 Ballymore Novices’ Hurdle third Bright Forecast, who missed all of last season and has since suffered a second heart issue.He added: “His heart has gone out of rhythm twice, and we now feel it is going to be hard to keep it right.“He has gone back to his owners, we have to keep the horse’s interest at heart, and there is no point carrying on.“It is a desperate shame, there are no two ways about it, because in the short spell he had with us he was very exciting.” Pauling hopes Global Citizen can leave that effort behind in either the Get Your Ladbrokes £1 Free Bet Today Handicap Chase on November 27 or the Ladbrokes Handicap Chase, better known as the Jim Joel Memorial Trophy, 24 hours later.He said: “Global Citizen came out of the Exeter race fine, and the likelihood is that he will go to Newbury now at the end of the month.“He will either go for the two-mile-three handicap chase on the Friday or what is the Jim Joel Memorial Trophy.- Advertisement – “He should have dropped to a nice mark for a handicap like either of those.”With a decision to drop Global Citizen in behind the pace at Exeter failing to work, Pauling plans to switch him back to the front-running tactics which have served him well in the past.He added: “It was disappointing at Exeter, but we thought we would try different tactics and just drop him in. Some horses don’t enjoy being ridden like that, and he is one.- Advertisement – Ben Pauling is weighing up two handicap options at the Ladbrokes Winter Carnival at Newbury for multiple Grade Two winner Global Citizen.The eight-year-old failed to complete a race for the first time in his career when pulling up on his seasonal return in the Haldon Gold Cup at Exeter last week.- Advertisement –last_img read more