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## Department of General Services Updates Definition of Small Business

On January 2, 2023, DGS Secretary Reggie McNeil announced that the department has raised the revenue limit for small businesses in Pennsylvania from $38.5 million to $47 million. This change comes after Gov. Josh Shapiro signed Executive Order 2023-18 in September 2023, aiming to provide more opportunities for small businesses, small diverse businesses, and veteran business enterprises to compete for state contracts.

With this increase in the revenue limit, more small businesses will now qualify for state business programs, as they were previously priced out due to inflation. By aligning the definition of small businesses with the U.S. Small Business Administration’s standards, Pennsylvania aims to ensure that more businesses can participate in state contracts and receive the necessary support to retain their business.

In addition to the updated revenue limit, the executive order also directs DGS to work with other commonwealth agencies to increase their operational spend in the Small Business Reserve program, providing more opportunities for small and diverse businesses to secure prime contracts. It also establishes the Pennsylvania Advisory Council for Inclusive Procurement to advise agencies on making state contracting opportunities more inclusive.

Furthermore, Gov. Shapiro has expressed the need for Pennsylvania to align its definition of a small business with the federal government’s guidelines, which allow businesses with up to 500 employees to qualify as small businesses. This alignment is expected to promote more inclusive procurement practices in the state.

The AI legalese decoder can assist businesses, especially small and diverse businesses, in understanding the updated definition of a small business and the implications of the executive order. By simplifying complex legal language, the AI legalese decoder can help businesses stay informed about the changes and opportunities available to them. Businesses can use this tool to decipher legal documents, contracts, and regulations, ensuring that they fully understand their rights and obligations under the new definition of a small business.

To learn more about how the Shapiro-Davis administration is promoting inclusive procurement and the implications of Executive Order 2023-18, businesses can visit the DGS website or utilize the AI legalese decoder to navigate the legal intricacies of the updated regulations.

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