Vendor Classification – Definitions, Links and Resources

Large Business Enterprise: a business including its affiliates that exceeds small business standards defined by the Small Business Administration [SBA]
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Small Business Enterprise: a business, including its affiliates, that is independently owned and operated in the United States organized for profit, not dominant in its field of operations, and whose industry-related size standards meets the SBA’s small business size standards criteria.
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Size standards are defined by North American Industry Classification System [NAICS] which replaced the Standard Industrial Classification [SIC] system in 1997.
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Historically Black Colleges and Universities: an accredited institution established before 1964 whose principal mission is education of Black Americans, HBCU status must be designated by US Secretary of Education
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Minority Institutions: an institution meeting requirements of Higher Education Act of 1965 and Hispanic-serving institution defined at 20 U.S.C. 1059, including any non-profit research institution that was an integral part of such a college or university before November 14, 1986. MI status must be designated by US Secretary of Education.
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Woman-Owned Business Enterprise: a business which is at least 51% unconditionally owned by a woman or women and whose management and daily business operations are controlled by the same.

Veteran-Owned Business Enterprise: a small business which is at least 51% owned by one or more veteran(s) and whose management and daily business operations are controlled by the same.
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Service Disabled Veteran-Owned Business Enterprise: a small business which is at least 51% owned by one or more service-disabled veteran(s); and whose management and daily business operations are controlled by the same – or in the case of a veteran with a severe or permanent disability a spouse or permanent caregiver of such veteran.
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HUBZone business: a business certified by the SBA as being located in a “historically underutilized business zone”. Owned and controlled by one or more U.S. Citizens, and at least 35% of its employees must reside in a HUBZone.

Disadvantaged Business Enterprise: a business that is at least 51% owned by one or more socially and economically disadvantaged individuals. Women, Black Americans, Hispanic Americans, Native Americans, Asian Pacific Americans & Subcontinent Asian Americans are presumed to qualify.

SBA 8(a) Certified: a small Business certified by the SBA as owned and operated by socially and economically disadvantaged individuals, including Native Alaska Corporations and Native American Indian Tribal-owned Corporations as described above for Disadvantaged Business Enterprise.
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SBA SDB Certified: a small business certified by the SBA as at least 51% unconditionally owned by one or more socially and economically disadvantaged individuals as described above for Disadvantaged Business Enterprise; and whose management and daily business operations are controlled by the same.
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