New York A05687 increases the number of employees to define a small business for MWBE purposes from 300 to 500.

New York A05687 amends the executive law to redefine "small business" for Minority and Women-Owned Business Enterprises (MWBE) purposes. The bill increases the maximum number of employees from 300 to 500 to qualify as a small business. This change applies unless the business is in a declared state disaster emergency, where the limit remains at 500 employees working at least 30 hours per week over 52 weeks. The bill takes effect immediately, except for certain amendments to article 15-A, which are repealed.

New York A05687 increases the number of employees to define a small business for MWBE purposes from 300 to 500.

New York A05687 amends the executive law to redefine "small business" for Minority and Women-Owned Business Enterprises (MWBE) purposes. The bill increases the maximum number of employees from 300 to 500 to qualify as a small business. This change applies unless the business is in a declared state disaster emergency, where the limit remains at 500 employees working at least 30 hours per week over 52 weeks. The bill takes effect immediately, except for certain amendments to article 15-A, which are repealed.