(a) A local business entity which meets all the requirements to be certified as an MBE or WBE under this article except that it has become an established business may participate in the city's minority- and women-owned business enterprise procurement program, as follows:
(1) For a one-year period after the business entity has become an established business, only 75 percent of such business's participation in a city contract shall account for the MBE or WBE, as applicable, participation requirement set forth in subsections (a) and (d) of Section 2-92-440 of this Code;
(2) For a one-year period starting on the one- year anniversary of the date the business entity became an established business, only 50 percent of such business's participation in a city contract shall account for the MBE or WBE, as applicable, participation requirement set forth in subsections (a) and (d) of Section 2-92-440 of this Code; and
(3) For a one-year period starting on the two- year anniversary of the date the business entity became an established business, only 25 percent of such business's participation in a city contract shall account for the MBE or WBE, as applicable, participation requirement set forth in subsections (a) and (d) of Section 2-92-440 of this Code.
(b) An established business entity shall not be eligible to participate in the city's minority-and women- owned business enterprise procurement program starting on the three-year anniversary of the date the business entity became an established business.
(c) The chief procurement officer shall provide notice to participating established businesses of the allowed level of participation by such businesses in the city's minority-and women-owned business enterprise procurement program.
(Added Coun. J. 3-14-12, p. 22581, § 1)
Editor's note – Coun. J. 5-26-04, p. 24585, § 2, repealed former § 2-92-470, which pertained to construction project program.