Evoking images of the corner grocery store and main street America, small business frequently resonates as a reason for easing off regulation. Yet the legal definition of “small” -- which is what really matters -- is actually quite big: for instance, it includes a general contractor with as much as $17 million in annual revenue, a chemical company with as many as 1,000 employees, and a petroleum refinery with as many as 1,500 employees -- not exactly mom and pop.
OIRA Rejects SBA Rule Expanding "Small Business"