DEFINITIONS

LARGE BUSINESS
A firm that does not meet the criteria for Small Business.

SMALL BUSINESS
A concern, including its affiliates, that is independently owned and operated, and qualified as a small business as defined by the U.S. Small Business Administration by Standard Industrial Classification (SIC) Codes, pursuant to the Federal Register, Part II, CFR Part 121, entitled “Small Business Size Standards”.

WOMAN-OWNED BUSINESS
A small business that is at least 51% owned by a woman or women who are U.S. Citizens, or in the case of any publicly-owned business, at least 51% of the stock is owned by a woman or women, whose management and daily business operations are controlled by one or more such individuals.

NON-PROFIT ORGANIZATION
An enterprise formed with a profit motive, i.e. Charitable, Civic, or Cultural Organizations such as the American Red Cross, United Way, etc.

DISADVANTAGED BUSINESS
A small business that is at least 51% owned by one or more socially or economically disadvantaged individuals, or in the case of a publicly-owned business, at least 51% of the stock of which is owned by one of more socially and economically disadvantaged individuals, and whose management and daily business operations are controlled by one or more such individuals.

THE FOLLOWING IS A DEFINITION OF THOSE MINORITY GROUPS THAT QUALIFY AS SOCIALLY AND/OR ECONOMICALLY DISADVANTAGED.

SOCIALLY DISADVANTAGED INDIVIDUALS
Individuals who have been subjected to racial o ethnic prejudice or cultural bias because of their identity as a member of a group without regard to their qualities as individuals.

ECONOMICALLY DISADVANTAGED INDIVIDUALS
Socially disadvantaged individuals whose ability to compete in the free enterprise system is impaired due to diminished opportunities to obtain capital and credit as compared to others in the same line of business who are not socially disadvantaged.