Business Type Definitions
SMALL BUSINESS CONCERN
• Is a small business concern organized for profit, which is independently owned and operated, is not dominated in the field of operation in which it is bidding, and meets the size standards as prescribed in Government regulations; consult your Regional or District Small Business Administration (SBA) office if further clarification is needed
LARGE BUSINESS CONCERN
• Is a business concern that exceeds the small business size code
standards established by the Small Business Administration
WOMEN-OWNED SMALL BUSINESS CONCERN
• Is a company with 51 percent ownership by one or more women, or if publicly owned, at least 51 percent of the stock is owned by one or more women; and
• Whose management and daily business operations are controlled by one or more women
• Is qualified as a small business concern
SMALL DISADVANTAGED BUSINESS CONCERN (SDB)
• Is at least 51 percent owned by one or more socially and economically disadvantaged individual(s) or, if publicly owned, at least 51 percent of the stock is owned by one or more socially and economically disadvantaged individuals; and
• Whose management and daily business operations are controlled by one or more such individuals
• A company claiming SDB status must be either registered with the Small Business Administration as an SDB or have the paperwork for registration submitted to the SBA. In addition, the vendor must show proof of registration. (i.e., letter from SBA confirming registration, copy of vendor's transmittal letter to SBA for the paperwork submitted for registration)
HUBZone BUSINESS CONCERN
• Is a small business concern that appears on the List of Qualified HUBZone Small Business Concerns maintained by the Small Business Administration
• HUBZone means a historically underutilized business zone, which is an area located within one or more qualified census tracts, qualified non-metropolitan counties, or lands within the external boundaries of an Indian reservation
HISTORICALLY BLACK COLLEGES & UNIVERSITIES/MINORITY INSTITUTIONS
• The term "historically Black colleges and universities" means institutions that were established before 1964 and have a principal mission that was and is, the education of Black Americans and that meet the requirements set forth by the Department of Education
• The term "minority institutions" means institutions that substantially increase the higher education opportunities for minority and/or low income students who are educationally disadvantaged or under represented in secondary education and meet the requirements set forth by the Department of Education
VETERAN-OWNED SMALL BUSINESS & SERVICE-DISABLED VETEREN-OWNED SMALL BUSINESS
• The term(s) include women owned, SDB and HUBZone Small Businesses
GOVERNMENT ENTITY
• Includes all Federal, State and Municipal Departments and Services and Public Utilities