SBA Redefines Small Business Threshold | Miami News

The U.S. Small Business Administration is poised to redefine “small business” to unlock access to loans and programs for bigger companies, aiming to reverse a 15-year decline in small business numbers. Meanwhile, cities like Oakland Park are stepping up with bold incentives — offering up to $40,000 in reimbursements to businesses that create full-time jobs in their new Sky Building — sparking local growth and proving that targeted support can turn downtowns around. One fitness business owner credits the program as vital to their success, saying it made the location unbeatable. If successful, this model could expand — and the SBA’s revised thresholds could let fitness centers earning nearly $50 million still qualify as small businesses. Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN: [email protected] This is an automated, high-level news summary based on public reporting. Report issues to [email protected]. View sources & latest updates: https://sources.thednn.ai/7d41983eb35a09b0