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HB2164

Small Business and Supplier Diversity, Department of; redefines "small business."

https://lis.virginia.gov/cgi-bin/legp604.exe?191+sum+HB2164

Department of Small Business and Supplier Diversity; definitions; small business. ;Redefines ";small business"; for the purposes of programs for the Department of Small Business and Supplier Diversity and the Virginia Public Procurement Act to mean a business that together with its affiliates has both 250 or fewer employees and average annual gross receipts, less the cost of goods sold by the business, of $10 million or less averaged over the previous three years. Currently for these programs, a business qualifies as a small business if, together with its affiliates, it has either 250 or fewer employees or average annual gross receipts of $10 million or less averaged over the previous three years.


Davis
Tabled

Tabled 8-0.