Established Business definition

Established Business means a person or entity granted certification by the City of Chicago.

Established Business means a person or entity granted certification by the City of Chicago or Cook County.

Established Business means any business operated or

Examples of Established Business in a sentence

• A Participating Established Business has an affirmative duty to inform any prime contractors who solicit the Participating Established Business as a subcontractor that only a percentage of its business’s participation in a City contract shall count for the MBE or WBE participation requirement.

• A Participating Established Business will remain on the City of Chicago’s directory of Certified Firms and is required to notify the City of any change in its ownership, control, management, officers or financial relationships which may impact on the firm's eligibility under these Regulations in writing within ten (10) business days of such change(s).

• Until the Effective Date of the Chief Procurement Officer’s decision that an entity is an Established Business, the entity shall be considered certified.

• An Established Business may apply for re-certification at such time as it has information to show a significant change in its ownership, management, contractual relations, size, or in other functions bearing on its status as an Established Business.

• For a one-year period starting on the two-year anniversary of the date the business entity became an Established Business, 25% of such business’s participation in a City contract shall count for the MBE or WBE participation requirement in accordance with Section 2-92-725 of the Municipal Code of Chicago.

More Definitions of Established Business

Established Business means a business entity, which by virtue of its size and capacity for competing in the markets in which it operates, does not need to be a full participant in the MBE/WBE Certification Program in order to effectuate the purposes of the MBE/WBE Ordinance.

Established Business means a business that is not a “Small Business Enterprise” and/or whose owners of 50 percent or more are persons who are not “Economically Disadvantaged” as that term is defined by these Regulations.

Established Business means a business entity, which by virtue of its size and capacity for competing in the markets in which it operates, does not need to be a full participant in the Program in order to effectuate the purposes of the Program.

Established Business means a person or entity granted certification by the City of Chicago or Xxxx County.

Established Business means a business entity which, by virtue of its size and capacity for competing in the markets in which it operates, does not need to be a participant in the Minority and Women-Owned Business Enterprise Program in order to effectuate the purposes of the program, as determined by the General Superintendent, pursuant to regulations to be adopted. Prior to the promulgation of such regulations, a business entity shall be presumed to be an Established business if the business entity and its affiliates have had annual average gross receipts in excess of $17 million over the previous three fiscal years.

Established Business means a business entity which, regardless of the racial or ethnic origins or gender of its owners, by virtue of its size and capacity for competing in the markets in which it operates, does not need to be a participant in the Program in order to effectuate the purposes of the Program as determined by the Executive Director. As of September 2000, a business entity shall be presumed to be an Established Business if the business entity and its Affiliates have had annual average gross receipts in excess of $27 million over the previous three fiscal years.

Established Business means a business that is not a “Small Business Enterprise.”