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AI Legalese Decoder: A Game-Changer as Commonwealth Redefines Small Business Criteria

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### Update to Definition of Small Business in Pennsylvania
In accordance with Executive Order 2023-18, signed by Gov. Josh Shapiro in September 2023, the state Department of General Services (DGS) has announced a significant change to the Commonwealth’s definition of a small business. The update raises the revenue limit from $38.5 million to $47 million, effective immediately.

#### Impact on Small Businesses
This change is aimed at providing more opportunities for small businesses, small diverse businesses, and veteran business enterprises to compete for state business contracts. The goal is to ensure that more businesses can qualify for these contracts, especially in the current inflationary environment.

#### Support for Small Businesses
The Indiana County Development Corporation Executive Director, Byron G. Stauffer Jr., has expressed support for this change, highlighting the need to inform businesses about the technical assistance available to help secure government contracts. This move is seen as a way to align the DGS definition of a small business with that of the U.S. Small Business Administration, considering inflation.

#### Role of AI legalese decoder
The AI legalese decoder can help small businesses navigate the complex legal language used in executive orders and government contracts. It can analyze and interpret these documents, providing businesses with a clear understanding of their eligibility and requirements under the revised definition of a small business. Additionally, the decoder can identify relevant technical assistance programs and resources available to businesses seeking government contracts.

#### Further Initiatives
The executive order also directs DGS and other commonwealth agencies to increase their operational spend and participation in the Commonwealth’s Small Business Reserve (SBR) program. It aims to expand opportunities for small and small diverse businesses to secure prime contracts and provides support for accessing technical and capital resources. The Pennsylvania Advisory Council for Inclusive Procurement has been established to advise on making state contracting opportunities more inclusive.

#### Local Support for Businesses
Stauffer emphasized the availability of resources and workshops to help businesses navigate the complex processes involved in government contracting. Local organizations such as the Indiana County Center for Economic Operations can provide guidance and support to businesses seeking government contracts. Businesses can reach out to the Indiana County CEO for assistance and referrals to the right resources.

#### Conclusion
The changes made to the definition of a small business in Pennsylvania aim to enhance opportunities for businesses to participate in government contracts. With the support of the AI legalese decoder and local economic development organizations, businesses can navigate the legal and operational aspects of securing government contracts more effectively.

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