In an effort to boost access to federal contracts and financial assistance, the Small Business Administration recently changed its definition of “small business” in a variety of industries for the first time in about 25 years.

Small-business advocates, however, aren’t yet sure if or how the move will affect small businesses’ ability to get federal government contracts. The SBA released 37 updated revenue-based size definitions of small businesses in 34 professional, scientific and technical services sectors, after starting work on the definitions in 2007. The new size standards take effect March 12.

Source: Huffington Post