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What Is a Small Business?

 

 


 

Small Business:

 

A concern , including its affiliates, that is independently owned and operated, not dominant in the field of operation in which it is bidding on government contracts and meets any applicable criteria concerning number of employees or annual receipts as established by the Small Business Administration. What Is A Small Business

 


 

Small Disadvantaged Business:

 

A small business that has received certification as a small disadvantaged business concern from the Small Business Administration, and no material change in disadvantaged ownership and control has occurred since its certification; and where the concern is owned by one or more disadvantaged individuals, the net worth of each individual upon whom the certification is based does not exceed $750,000.

 

 


Women-Owned Business:

 

A small business concern that is at least 51% owned by one or more women; or, in the case of any publicly owned business, at least 51% of the stock of which is owned by one or more women; and whose management and daily business operations are controlled by one or more women.

 


Historically Underutilized Business Zone:

 

The purpose of the HUBZone program is to provide federal contracting assistance for qualified small businesses located in historically underutilized business zones in an effort to increase employment opportunities, investment, and economic development in such areas.


Service-Disabled Veteran-Owned Small Business:

 

A small business concern not less than 51 percent of which is owned by one or more service disabled veterans, and the management and daily operations of which are controlled by one or more service disabled veterans.


Veteran-Owned Business:

 

A small business concern not less than 51% of which is owned by one or more veterans (defined as a person who served in the active military, naval, or air service, and who was discharged or released under conditions other than dishonorable) or, in the case of any publicly-owned business, not less than 51% of the stock of which is owned by one or more veterans; and the management and daily business operations of which are controlled by one or more veterans.

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