Maryland Statutes
Subtitle 2 - Small Business Preference Program
Section 14-203 - Qualified Businesses

(a)    By regulation, the Secretary of General Services, the Secretary of Transportation, the Chancellor of the University System of Maryland, and the President of Morgan State University each shall specify the criteria that a business must meet to qualify as a small business.
    (b)    (1)    The criteria for qualification as a small business may vary among industries to reflect their particular characteristics.
        (2)    Regulations adopted under this section shall include, for each class of business, the maximum number of employees a business may have to qualify as a small business.
    (c)    The regulations adopted under subsection (a) of this section shall require the qualification of a business as a small business for the exclusive purpose of pursuing out–of–state contracts, if the business has:
        (1)    250 or fewer employees; or
        (2)    average annual gross receipts of $10,000,000 or less averaged over its most recently completed 3 fiscal years.