Maryland Code, Business Regulation § 19-106

(i) a commercial enterprise or business that is in good standing with the State Department of Assessments and Taxation and is:

(ii) a corporation, foundation, school, hospital, or other legal entity for which none of the net earnings inure to the benefit of any private shareholder or individual holding an interest in the entity.

(i) State capital grant funding totaling $1,000,000 or more in a single fiscal year;

(ii) State tax credits totaling $1,000,000 or more in a single fiscal year; or

(iii) the receipt of a State contract with a total value of $1,000,000 or more.

(i) resulted from a competitive procurement process; and

(ii) is not federally funded in any way.

(i) as Black, African American, Hispanic, Latino, Asian, Pacific Islander, Native American, Native Hawaiian, or Alaska Native; or

(ii) with one or more of the racial or ethnic groups listed in item (i) of this paragraph.

(i) has an annual operating budget or annual sales less than $5,000,000; and

(ii) does not qualify for a State benefit.

(i) the membership of underrepresented communities in the entity's board or executive leadership; and

(ii) the support of underrepresented communities in the entity's mission; and