Small Business Size Standards; Adoption of Size Standards by 2007 North American Industry Classification System for Size Standards

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The U.S. Small Business Administration (SBA) is correcting the direct final rule it published in the Federal Register on August 29, 2007, that amended its Small Business Size Regulations by incorporating the Office of Management and Budget's (OMB) 2007 modifications of the North American Industry Classification System (NAICS) into its table of small business size standards. The direct final rule published on August 29, 2007 established an incorrect small business size standard for NAICS 517919, All Other Telecommunications. The correct small business size standard is $23.0 million in average annual receipts. Also, the descriptive titles for 19 NAICS codes are also being amended by this action. SBA is changing the industry descriptions in its table of size standards so they will match the descriptions published by OMB in NAICS 2007.