Maryland Compassion

by Roger Clegg

Maryland gives preferential treatment in state contracting to minority-owned companies that are considered to be “economically disadvantaged,” and a bill has been introduced in the Maryland state legislature that will apply this label to anyone whose personal net worth is $3,000,000 or less (the old cutoff was $1,500,000). That is, you can have a personal net worth of $3,000,000 and still be considered economically disadvantaged and eligible for the preference. Legislation has also been proposed  to exclude from the program nonprofits, which typically deal with physically and mentally disabled individuals.

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