Prospective Vendor Profile *Required Fields
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BUSINESS CLASSIFICATION DEFINITIONS
| A. |
SMALL BUSINESS CONCERN: A small business concern, including its affiliates, which is independently owned and operated, is not dominant in the field of operation in which it is competing and can further qualify under the criteria concerning the type of business, number of employees, average annual receipts, or other criteria as defined by the Small Business Act and relevant regulations published. For example, all contracts of $10,000 or less, a company is determined to be small and if it does not have more than 500 employees including its affiliates. |
| B. |
SMALL DISADVANTAGED BUSINESS CONCERN: A small concern that is at least 51% owned and controlled by socially and economically disadvantaged individuals, and whose management and daily business operations are controlled by one or more of those individuals: (A) Socially disadvantaged individuals are those who have been subjected to racial or ethnic prejudice or cultural bias because of their identity as a member of a group without regard to their individual qualities: (B) Economically disadvantaged individuals are those socially disadvantaged individuals whose ability to compete in the free enterprise system has been impaired due to diminished capital and credit opportunities compared to others in the same business area who are not socially disadvantaged. Contractors shall presume that socially and economically disadvantaged individuals include citizens of the U.S. identified below. Hasidic Jewish Americans have been classified as socially disadvantaged by the U.S. Department of Commerce Minority Business Development Agency.
- Black Americans
- Hispanic Americans
- Native Americans
- Asian-Pacific Americans
- Subcontinent Asian Americans
- Hasidic Jewish Americans
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| C. |
WOMEN-OWNED BUSINESS CONCERNS: A business concern that is at least 51% owned by women or women who are U.S. citizens, and who also control and operate the business. Women as a class are not considered to be socially and economically disadvantaged. |
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