§ 323-1-E1. Emerging Local Business Enterprise; ELBE.

"Emerging local business enterprise" or "ELBE" shall mean a firm that:

(a)

Is an independently-owned and operated for-profit business that is not a broker, is not a subsidiary of another business, and is not dominant in its field of operation;

(b)

Performs a commercially useful function;

(c)

Has had no more than five full-time employees at any one time during its existence;

(d)

Has owners who are actively involved in day-to-day management and control of the business;

(e)

Has annual gross receipts, averaged over the life of the business, of not more than $250,000.00;

(f)

Has either a principal place of business or significant employee presence in the city of Cincinnati;

(g)

Has been in existence for less than five years; and

(h)

Has not received, in the year immediately preceding the certification application, more than $250,000.00 in city payments under contracts awarded through an open and competitive bidding process, awarded through the sheltered market program, or awarded directly through a non-competitive process.

(Ordained by Ord. No. 307-2015, § 4, eff. Jan. 1, 2016)