Some positive news for small businesses: On December 17, 2018, the Small Business Runway Extension Act was signed. The Act requires the federal government to determine the size of a business concern on the basis of its average gross receipts over five years instead of three years. The Act is good news for advanced-small businesses as they reach the upper limits of their small size standard and plan for Full and Open competition.
The change was designed to reduce the impact of rapid-growth years and resulting spikes in revenue that could prematurely eject a small business out of a size standard. It was also designed to allow small businesses to have more time to grow and develop their competitiveness and infrastructure.
Richard... thanks for posting. Do you know if it has been in the Fed Register?
i have not seen it in the FAR yet but it is a new Law.
Let’s catch up. Richard