§ 14–203
Statutes in effect as of October 1, 2026.
Md. Code Ann., State Fin. & Proc. § 14-203 (2026)
Title 14. Preferences
Subtitle 2. Small Business Preference Program
§ 14–203LinkCopy Citation
(a)
By regulation, the Special Secretary for the Office of Small, Minority, and Women Business Affairs shall specify the criteria that a business must meet to qualify as a small business.
(b)
(1)
The criteria for qualification as a small business may vary among industries to reflect their particular characteristics.
(2)
Regulations adopted under this section shall include, for each class of business, the maximum number of employees a business may have to qualify as a small business.
(c)
The regulations adopted under subsection (a) of this section shall require the qualification of a business as a small business for the exclusive purpose of pursuing out–of–state contracts, if the business has:
(1)
250 or fewer employees; or
(2)
average annual gross receipts of $10,000,000 or less averaged over its most recently completed 3 fiscal years.