Small Business Administration Changes Legal Definition of "Small Business"
While many industry lobbyists applauded the changes, others questioned the SBA's methods. The National Small Business Association (NSBA) told Huffington Post that it believed the new categories could hurt those small businesses that most need assistance. Molly Brogan, spokesperson for the NSBA, said there is concern that "there may be enhanced competition from businesses on the larger end of the scale that are now classified as a small business. For the majority of businesses that have about nine to 11 employees, it's hard to compete against a company that has 500 employees."
Kyle A. Richardson is the editorial director of Promo Marketing. He joined the company in 2006 brings more than a decade of publishing, marketing and media experience to the magazine. If you see him, buy him a drink.