The town hereby determines to establish criteria for determining qualifications as a small business and to identify specific supplies for small business set-aside purchases.
(A) Qualifications. A business qualifies as a small business if it qualifies as a small business under standards established by the State Department of Commerce.
(B) Classification of business size. Businesses that are not small businesses:
(1) A wholesale business, if its average annual sales for its most recently completed fiscal year exceeds $4,000,000;
(2) A construction business, if its average annual receipts for the preceding three fiscal years exceeds $4,000,000;
(3) A retail business or business selling services, if its annual sales and receipts exceed $500,000; and
(4) A manufacturing business, if it employs more than 100 persons.
(C) State business preference. An offeror is a state business if it is owned or operated in the state.
(1996 Code, § 46.03) (Ord. 98-12, passed 11-9-1998)