Relates to the definition of small business for minority group members and women with respect to state contracts

This bill amends New York's definition of "small business" for Minority and Women Business Enterprise (MWBE) programs by raising the employee threshold from 300 to 500. It directly affects minority and women-owned businesses seeking MWBE certification to qualify for state contracts. The key provision increases the size limit for small business eligibility under state contracting rules, aligning with federal Small Business Administration standards. The change applies to businesses meeting the new 500-employee standard for MWBE program participation.