How are the gross sales and employment level calculated?
Gross Sales: For a business that has been in operation long enough to file a Federal income tax statement, the annual average Gross Sales of the business will be calculated from the sales amounts contained on the tax form(s). Employment: Employment will be calculated on an employee “Full-Time Equivalent” (FTE) basis. All full time, part time, temporary or contractual employees, including employees of temporary help firms or subcontractors working for the business, will be counted against the applicable employment limitation. The specific FTE employment levels for a business at the end of each calendar quarter (March 31 st , June 30 th , September 30 th and December 31 st ) will be averaged to determine a business most recent FTE employment level.
