Small Vendor Classification Definitions |
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Small Business: An enterprise that is independently owned and operated, is not dominant in its field of operation, and has qualified as a small business under the criteria and size standards established by the U.S. government (13 CFR 121). The number of employees and revenue can vary according to its products or services
8(a) Certified: A business concern certified by the U.S. Small Business Administration as an 8(a) business. Small Disadvantaged Business: A business concern certified by the U.S. Small Business Administration as a "small disadvantaged" business. Minority-Owned Businesses are at least 51% owned and operated by a U.S. citizen or citizens, and whose ancestry is:
Woman-Owned Business: A business concern at least 51% owned by one or more women, and the management and daily business operations of which are controlled by one or more women. Veteran-Owned Business: A business concern at least 51% owned by one or more qualified veterans, and the management and daily business operations of which are controlled by one or more qualified veterans. Service Disabled Veteran-Owned Business: A business concern at least 51% owned by one or more qualified disabled veterans whose disability is service related, and the management and daily business operations of which are controlled by one or more qualified service disabled veterans. HUBZone Small Business: A small business with its principal office located in a HUBZone, with at least 35% of its employees residing in a HUBZone, and certified by the U.S. Small Business Administration. Ability One Program nonprofit agency or organization creates jobs and training opportunities for people who are blind or who have other severe disabilities. |
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