New York bill S06374 increases the employee limit for small businesses from 300 to 500.

New York bill S06374 amends the executive law to redefine "small business" for Minority and Women-Owned Business Enterprises (MWBE) purposes. The bill raises the maximum number of employees a business can have to qualify as a small business from 300 to 500. This change applies unless the business is dominant in its field. The bill also specifies that during a declared state disaster emergency, the employee limit can be extended to 500, provided they work at least 30 hours per week over 52 weeks, totaling 1,560 hours.

New York bill S06374 increases the employee limit for small businesses from 300 to 500.

New York bill S06374 amends the executive law to redefine "small business" for Minority and Women-Owned Business Enterprises (MWBE) purposes. The bill raises the maximum number of employees a business can have to qualify as a small business from 300 to 500. This change applies unless the business is dominant in its field. The bill also specifies that during a declared state disaster emergency, the employee limit can be extended to 500, provided they work at least 30 hours per week over 52 weeks, totaling 1,560 hours.