Bill > SF3234

This bill provides the commissioner of administration more flexibility in determining what qualifies as a "small business" for state contracting purposes. Currently, the law requires the commissioner to use specific federal size standards for small businesses found in the Code of Federal Regulations. The proposed amendment allows the commissioner to either continue using the existing federal definition or adopt a different standard for defining small businesses, while maintaining the requirement that the business must have its principal place of business in Minnesota. This change gives the commissioner more discretion in establishing eligibility criteria for small businesses seeking state contracts, potentially allowing for a more nuanced or locally tailored definition that better reflects Minnesota's economic landscape and small business ecosystem.

Government Affairs

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF3234&ssn=0&y=2025