On Tuesday, April 27, 2004, Senate Bill 904 was signed
as a result of recommendations made by The Commission on Minority Business
Enterprise Reform. This legislation targets at least 10 percent of state
contracting
dollars for bid by small businesses in a sweeping proposal and will guarantee
small businesses unprecedented opportunities for growth. For the first
time, many small businesses will be able to bid as prime contractors
on a significant
portion of state contracts, without having to compete with larger, better
established competitors.
To take advantage of this program a business, must meet the following criteria:
- Is independently owned and operated;
- Is NOT a broker;
- Is NOT a subsidiary of another business;
- Is NOT dominant in its field of operation; where
- The wholesale operations of the business did not employ
more than 50 persons, and the gross sales of the business did not exceed
an average of $4,000,000 in its more recently completed 3 fiscal years*;
or
- The retail operations of the business did not employ
more than 25 persons, and the gross sales of the business did not exceed
an average of $3,000,000 in its most recently completed 3 fiscal years*;
or
- The manufacturing operations of the business did not
employ more than 100 persons, and the gross sales of the business did
not exceed an average of $2,000,000 in its most recently completed 3 fiscal
years*; or
- The service operations of the business did not employ
more than 100 persons, and the gross sales of the business did not exceed
an average of $10,000,000 in its more recently completed 3 fiscal years*;
or
- The construction operations of the business did not employ
more than 50 persons, and the gross sales of the business did not exceed
an average of $7,000,000 in its most recently completed 3 fiscal years*.
- The architectural and engineering operations of the business did not employ
more than 100 persons, and the gross sales of the business did not exceed
an average of $4,500,000 in its most recently completed 3 fiscal years*.
* If a business has not existed for three years the gross sale average is computed for the period of the business's existence. For newly formed businesses the determination will be based upon employment levels and projected gross sales.
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