Lying About the Size of a Small Business Just Got More Expensive

Photograph by Jim R. Bounds/Bloomberg

How much shellfish can a fishery sell and still be considered small? For those interested in that and other questions of the taxonomy of small business, the SBA’s “Table of Small Business Size Standards Match to North American Industry Classification System Codes” is an indispensible document (PDF) and the source of much curiosity. Someone in the federal government has decided that a space vehicle manufacturer with 1,000 or fewer employees qualifies as a small business? How?

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