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What is the Local Small Business Reserve Program (LSBRP)?

April 26, 2017local LSBRP program Reserve small business

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What is the Local Small Business Reserve Program (LSBRP)?

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In April 2005, the Montgomery County Council enacted a law and accompanying Executive Regulation (12MB) establishing the Local Small Business Reserve Program (LSBRP). As of January 1, 2006 eligible small businesses in Montgomery County can bid on selected County contracts competing only with other business meeting the program criteria. Designated County departments are required to structure their procurement processes so that at least ten (10) percent of their total procurement dollars are spent with qualified small businesses. The law will sunset on December 31, 2009 unless re-enacted by the Montgomery County Council.