(A) General. The Town Council hereby determines to establish criteria for determining qualifications as a small business in anticipation that from time to time certain supplies will be identified and designated for purchase from small businesses pursuant to I.C. 5-22-14 dealing with small business set-aside purchases.
(B) Qualifications.
(1) A business qualifies as a small business if it qualifies as a small business under standards established by the State Department of Commerce.
(2) The following businesses are not eligible for the town’s small business set-aside:
(a) A wholesale business, if its average annual sales for its most recently completed fiscal year exceeds $4,000,000;
(b) A construction business, if its average annual receipts for the preceding three fiscal year exceeds $4,000,000;
(c) A retail business or business selling services, if its annual sales and receipts exceed $500,000; and
(d) A manufacturing business, if it employees more than 100 persons.
(1996 Code, § 3-24) (Ord. 98-12, passed - -)