# State Finance and Procurement (GSF)

## Title 14. Preferences

### Subtitle 2. Small Business Preference Program

#### Section 14-203

(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.

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Md. Code Ann., State Fin. & Proc. (as displayed at mgaleg.maryland.gov, October 16, 2026)