REGISTRATION - SMALL BUSINESS ENTERPRISE
All small businesses qualifying to do business with the State shall be registered as such in accordance with guidelines relative to number of employees and annual gross sales.
(a) Number of Employees - Utilizing the Bureau of Census Publication and County Business Patterns, the Department determines the total number of employees in each commodity code industry and selects the employee size category comprising a set percentage of total business enterprises in a particular industry.
(b) Annual Gross Sales - Utilizing the Bureau of Census Publication and related business patterns, the Department shall determine the volume of sales for each commodity code type classification and select the volume of gross sales which will qualify as the maximum limit for a small business (as determined annually by the Procurement Commission) of the total business enterprises in a particular industry.
CERTIFICATION - MINORITY BUSINESS ENTERPRISE
"Minority-owned business" means a business that is solely owned, or at least fifty-one percent (51%) of the assets or outstanding stock of which is owned, by an individual who personally manages and controls the daily operations of such business and who is impeded from normal entry into the economic mainstream because of past practices of discrimination based on race or ethnic background.
CERTIFICATION - WOMAN BUSINESS ENTERPRISE
A woman owned business that is a continuing, independent, for profit business which performs a commercially useful function, and is at least fifty-one percent (51%) owned and controlled by one (1) or more women; or in the case of any publicly owned business, at least fifty-one percent (51%) of the stock of which is owned and controlled by one (1) or more women and whose management and daily business operations are under the control of one (1) or more women.
|General Procurement Information:||615-741-1035|