Establishing Public/Private Small Business Enhancement Program

Senate Bill 33 establishes a program requiring West Virginia state agencies to reserve at least 25% of their annual contracts for small businesses meeting specific criteria. It defines a "small business" as having 250 or fewer employees or average annual revenue under $10 million, and mandates that all contracts under $150,000 must go to small businesses if they bid competitively, while larger contracts ($150,000-$700,000) require at least two small business bids. The bill also requires small businesses awarded contracts to perform 30% of work themselves and 50% through eligible small businesses, with restrictions on subcontracting with affiliated entities. Construction contracts and state agencies with minimal annual contracting ($100,000 or less) are exempt from these requirements.