Section 14-501 - Definitions(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; andF. the architectural and engineering services of the business did not employ more than 100 persons in its most recently completed 3 fiscal years; or2.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; andF. 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.
Amended by 2024 Md. Laws, Ch. 583,Sec. 1, eff. 10/1/2024.Amended by 2024 Md. Laws, Ch. 582,Sec. 1, eff. 10/1/2024.Amended by 2021 Md. Laws, Ch. 79, Sec. 1, eff. 10/1/2021.Amended by 2021 Md. Laws, Ch. 78, Sec. 1, eff. 10/1/2021.Amended by 2017 Md. Laws, Ch. 438, Sec. 2, eff. 10/1/2017.Amended by 2017 Md. Laws, Ch. 62, Sec. 1, eff. 4/11/2017.