(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 construction procurement program according to the time periods and percentages set forth in subsection (a) of Section 2-92-470 of this chapter. Such time periods and percentages shall apply to both the aspirational goals of Section 2-92-690 of this chapter and the contract specific goals of Section 2-92-700 of this chapter.
(b) An established business entity shall not be eligible to participate in the city's minority-and women- owned business enterprise construction 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 established businesses of the allowed level of participation by such businesses in the city's minority- and women-owned business enterprise construction procurement program.
(Added Coun. J. 3-14-12, p. 22581, § 1)