For the most part, size standards are the average annual receipts or the average employment of a firm.

A small corporation is one with average gross receipts for the prior three years of $7.5 million or less.

The Census Bureau reported last month that among business owners, black women have the lowest average annual receipts, about $43,300.

Size standards are usually reflected in the business's number of employees and average annual receipts.

Receipts are averaged over a concern's latest three (3) completed fiscal years to determine its average annual receipts.

Construction - General building and heavy construction contractors have a size standard of $33.5 million in average annual receipts.

The size standard for Land Subdivision is $7.0 million in average annual receipts.

The size standard for Dredging is $20.0 million in average annual receipts.

Services - For the service industries, the most common size standard is $7.0 million in average annual receipts.

There are also about 9 million households with a part-time home business with average receipts of $10,000, he said.