https://www.bloombergindustry.com Supplier Registration & Supplier Diversity Form
Supplier Registration & Supplier Diversity Form: BUSINESS SIZE/CLASSIFICATION - DEFINITIONS
 


 

BUSINESS SIZE/CLASSIFICATION - DEFINITIONS



Large Business
Large businesses are defined as businesses that are not classified as a small business by The Small Business Administration.

Small Business
Small businesses are defined as businesses, including its affiliates, that are independently owned and operated, not dominant in the field of operation in which it is competing and can further qualify under the criteria concerning the number of employees, average annual receipts, or other criteria as defined by The Small Business Administration regulations.

Small Disadvantaged Business
Small disadvantaged businesses (SDB) are defined as businesses that are at least 51% owned and operated by a socially and economically disadvantaged individual(s) and have been certified by The Small Business Administration (i.e., ProNet database).

Women-Owned Small Business
Women business enterprises (WBE’s) are defined as businesses that are at least 51% owned and operated by one or more women who also control and operate it.

HUBZone Small Business HUBZone businesses are defined as businesses that have been certified by The Small Business Administration (i.e., ProNet database).

Veteran-Owned Small Business Veteran owned businesses are defined as a business that is at least 51% owned and operated by a Veteran(s) of the U.S. Armed Forces with U.S. citizenship.

Service Disabled Veteran-Owned Small Business
Service Disabled Veteran Owned businesses are defined as businesses that are at least 51% owned by an individual(s) who has a physical or mental impairment, which substantially limits one or more of such person’s major life activities. The physical or mental impairment must have been sustained during active service in one of the United States Armed Services. Individual(s) must be involved in the day-to-day management of the business.

Minority Business Ownership
Minority business enterprises (MBE’s) are defined as businesses that are at least 51% owned and operated by a minority individual or group. Under this definition, minority group members include African American, Hispanic Americans, Asian American, Asian Indians, and Native Americans.