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Maryland
Small Business
Reserve |
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The
State of Maryland Small
Business Reserve Program
is committed to the growth
and success of small businesses.
For the first time, small
businesses will be able
to bid for State contracts
without competing with larger,
more established companies.
Beginning October 1, 2004,
designated agencies are
required to award a minimum
of 10 percent of their units'
total dollar value of goods,
supplies, services, maintenance,
construction, construction
related, architectural service
and engineering service
contracts to small businesses.
Small
Business Reserve Program
Governor Ehrlich recently
signed a bill into law establishing
the Small Business Reserve
Program. The new law became
effective October 1, 2004
and requires that twenty-two
designated state agencies
structure their procurement
processes so that at least
10 percent of their total
procurement dollars are
spent with qualified small
businesses.
Benefits
of Participation
The overall goal is to increase
economic opportunities for
small businesses. Only qualified
small business may participate
in a Small Business Reserve
Program procurement. Once
a solicitation has been
designated for a small business
reserve, only bids or proposals
from qualified small business
will be accepted. Therefore,
a business will be in competition
only with other qualified
small business, guaranteeing
that the contract will be
awarded to a qualified small
business.
Small
Business and Minority Business
A business can be both if
it has been qualified as
a small business and has
been certified by the Maryland
Department of Transportation's
(MDOT) Minority Business
Enterprise Program as a
minority business. For more
information about the Minority
Business Enterprise Program
visit: http://www.mdot.state.md.us/MBE_Program/index.html |
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