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Code · Maryland · State Finance and Procurement

§ 14-501

455 words·~2 min read·/md/state-finance-and-procurement/14-501·

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§14–501.
(a)In this subtitle the following words have the meanings indicated.
(b)“Certification agency” has the meaning stated in § 14–301 of this title.
(c)“Economically disadvantaged individual” has the meaning stated in § 14–301 of this title.
(d)“Small business” means:
(1)a certified minority business enterprise, as defined in § 14–301 of this title, that meets the criteria specified under item
(3)of this subsection;
(2)a veteran–owned small business enterprise, as defined in § 14–601 of this title, that meets the criteria specified under item
(3)of this subsection; or
(3)a business, other than a broker, that meets the following criteria:
(i)the business is independently owned and operated;
(ii)the business is not a subsidiary of another business;
(iii)the business is not dominant in its field of operation; and
(iv)1. A. the wholesale operations of the business did not employ more than 50 persons in its most recently completed 3 fiscal years;
B. the retail operations of the business did not employ more than 25 persons in its most recently completed 3 fiscal years;
C. the manufacturing operations of the business did not employ more than 100 persons in its most recently completed 3 fiscal years;
D. the service operations of the business did not employ more than 100 persons in its most recently completed 3 fiscal years;
E. the construction operations of the business did not employ more than 50 persons in its most recently completed 3 fiscal years; and
F. the architectural and engineering services of the business did not employ more than 100 persons in its most recently completed 3 fiscal years; or
2. A. the gross sales of the wholesale operations of the business did not exceed an average of $4,000,000 in its most recently completed 3 fiscal years;
B. the gross sales of the retail operations of the business did not exceed an average of $3,000,000 in its most recently completed 3 fiscal years;
C. the gross sales of the manufacturing operations of the business did not exceed an average of $2,000,000 in its most recently completed 3 fiscal years;
D. the gross sales of the service operations of the business did not exceed an average of $10,000,000 in its most recently completed 3 fiscal years;
E. the gross sales of the construction operations of the business did not exceed an average of $7,000,000 in its most recently completed 3 fiscal years; and
F. the gross sales of the architectural and engineering services of the business did not exceed an average of $4,500,000 in its most recently completed 3 fiscal years.
(e)“Small business reserve” means those procurements that are limited to responses from small businesses under § 14–502(c) of this subtitle.
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