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Trump administration seeks higher caps for small-business eligibility
Business owners and other stakeholders warn the proposal could make the smallest firms less competitive for federal contracts and loans, according to NYT Business.
The Trump administration is seeking changes to how “small” businesses are defined for federal contracting and lending programs, with higher revenue and employee thresholds under consideration, according to NYT Business.
The outlet reports that owners of the smallest companies argue the proposed limits could disadvantage firms at the low end of the eligibility range.
NYT Economy similarly describes how the plan could shift access to federal contracts and loans away from the tiniest businesses as the criteria expand.