Effective January 1st, the maximum allowable gross annual revenue (GAR) for a business to be designated a very small business enterprise (VSBE) by the Port of Los Angeles will be increased to $5 million. This follows the passage of a state bill, Senate Bill 605. That bill raised the maximum allowable GAR for a microbusiness (MB) as designated by the state of California to $5 million. As the Port's VSBE designation is tied to the parameters of the state MB designation, it has increased in tandem with the MB designation.
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