Minority-owned business
A business concern at least 51 percent of which is owned by, and whose management and daily business operations are controlled by, one or more members of a socially and economically disadvantaged minority group, namely, U.S. citizens who are Black Americans, Hispanic Americans, Native Americans, Asian-Pacific Americans, or Asian-Indian Americans. (“Native Americans” means American Indians, Eskimos, Aluets, and Native Hawaiians. “Asian-Pacific Americans” means U.S. citizens whose origins are Japanese, Chinese, Filipino, Vietnamese, Korean, Samoan, Guamanian, Laotian, Cambodian, or in the Trust Territories of the Pacific. “Asian-Indian Americans” means U.S. citizens whose origins are in the Indian Subcontinent.)
Small business concerns
A firm is generally considered such if its average annual receipts for its preceding 3 fiscal years do not exceed $12 million for Special Trades Contractors and $28.5 million for Heavy Construction, pursuant to the governing regulations of the Small Business Administration (13 CFR Part 121 and FAR Part 19). Industrial Size Standards (see website www.sba.gov/size)
Annual receipts of a concern which has been in business for 3 or more complete fiscal years means the annual average gross revenue of the concern taken for the last 3 fiscal years.
| Company |
3 yr. Avg. |
| Heavy Construction |
$28.5 Million |
| Special Trades Contractors |
$12 Million |
Women-owned business concerns
A firm which is at least 51% owned by one or more women or, in the case of a publicly-owned corporation, at least 51% of stock must be owned by one or more such women; and whose management and daily business operations are controlled by such persons.
Disabled Veteran Business Enterprise
It is a sole proprietorship or partnership at least 51 percent owned by one or more disabled veterans or, in the case of a publicly owned business, with at least 51 percent of its stock owned by one or more disabled veterans; a subsidiary which is wholly owned by a corporation in which at least 51 percent of the parent company’s voting stock is owned by one or more disabled veterans; or a joint venture in which at least 51 percent of the joint venture’s management, control and earnings are held by one or more disabled veterans. One or more disabled veterans control the management and daily control of the daily business operations. The disabled veteran(s) exercising management and control need not be the same disabled veteran(s) who own the firm. It is a sole proprietorship, partnership or corporation with its home office located in the United States and is not a branch or subsidiary of a foreign corporation, firm or business.
HubZone Small Business Concern
Is an area that is located in one or more of the following:
- A qualified census tract (as defined in section 42(d)(5)(C)(i)(1) of the Internal Revenue Code of 1986)
- A qualified “non-metropolitan county” that is: not located in a metropolitan statistical area (as defined in section 143(k)(2)(B) of the Internal Revenue Code of 1986), and
- in which the median household income is less than 80 percent of the non-metropolitan State median household income, or
- that based on the most recent data available from the Secretary of Labor, has an unemployment rate that is not less than 140 percent of the statewide average unemployment rate for the State in which the county is located;
- Lands within the external boundaries of an Indian reservation
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