Minority‐O
wned Business Enterprise (MBE):
“Minority‐Owned Business Enterprise (MBE)” means a sole proprietorship, partnership, corporation, limited liability company, Joint Venture or any
other business or professional entity:
a) Which is at least 51% owned by one or more Minority Individuals, or in the case of a publicly owned business, at least 51% of all
classes of the stock of which is owned by one or more Minority Individuals; and
b) Whose management, policies, major decisions and daily business operations are independently managed and controlled by one or
more such more Minority Individuals;
Woman‐Owned Business Enterprise (WBE):
“Woman‐Owned Business Enterprise (WBE)” means a sole proprietorship, partnership, corporation, limited liability company, Joint Venture or any other
business or professional entity:
a) Which is at least 51% owned by one or more Women, or in the case of a publicly owned business, at least 51% of all classes of the
stock of which is owned by one or more Women; and
b) Whose management, policies, major decisions and daily business operations are independently managed and controlled by one or
more such Women.
Veteran‐ Owned Business Enterprise (VBE):
“Veteran‐Owned Business Enterprise (VBE)” means a sole proprietorship, partnership, corporation, limited liability company, Joint Venture or any other
business or professional entity:
a) Which is at least 51% owned by one or more Veteran, or in the case of a publicly owned business, at least 51% of all classes of the
stock of which is owned by one or more Veterans; and
b) Whose management, policies, major decisions and daily business operations are independently managed and controlled by one or
more such Veterans.
Small Business Enterprise (SBE):
Size standards vary by industry, and are generally based on the number of employees or the amount of annual receipts the business has. You can find
small business size regulations in Title 13 Part 121 of the Electronic Code of Federal Regulations (eCFR). https://www.sba.gov/size‐standards/
Disadvantaged Business Enterprise (DBE):
“Disadvantaged Business Enterprise” means socially and economically disadvantaged individuals own at least a 51% interest and also control
management and daily business operations. African Americans, Hispanics, Native Americans, Asian‐Pacific and Subcontinent Asian Americans, and
women are presumed to be socially and economically disadvantaged. Other individuals can also qualify as socially and economically disadvantaged on a
case‐by‐case basis.
Section 3 Business Enterprise (Sec3E):
“Section 3 Business Enterprise (Sec3E)” means a business that is at least 51% or more owned by Section 3 Residents,
A business where 30% of permanent, full‐time employees are Section 3 residents or were Section 3 businesses.
A Section 3 Resident is:
a) A public housing resident or,
b) A low income person who lives in the metropolitan areas where a HUD‐assisted project for housing or community
development is located. Low income is defined as income below 80% of the median household income of that area.
Disabled‐ Owned Business Enterprise (DOBE):
“Disabled Owned Business Enterprise” means a sole proprietorship, partnership, corporation, limited liability company, Joint Venture or any other
business or professional entity:
a) Which is at least 51% owned by one or more Disabled Individuals, or in the case of a publicly owned business, at least 51% of all
classes of the stock of which is owned by one or more Disabled Individuals; and
b) Whose management, policies, major decisions and daily business operations are independently managed and controlled by one or
more such Disabled Individuals.
Disabled Veteran‐ Owned Business Enterprise (DVBE):
“Disabled Veteran‐Owned Business Enterprise (DVBE)” means a sole proprietorship, partnership, corporation, limited liability company, Joint Venture or
any other business or professional entity:
a) Which is at least 51% owned by one or more Disabled Veterans, or in the case of a publicly owned business, at least 51% of all
classes of the stock of which is owned by one or more Disabled Veterans; and
b) Whose management, policies, major decisions and daily business operations are independently managed and controlled by one or
more such Disabled Veterans.
LGBTE‐Owned Enterprise (LGBTE):
“Lesbian Gay Bisexual Transgender Business Enterprise” (LGBTE) means a sole proprietorship, partnership, corporation, limited liability company, Joint
Venture or any other business or professional entity:
a) Which is at least 51% owned by one or more LGBT individual, or in the case of a publicly owned business, at least 51% of all classes
of the stock of which is owned by one or more LGBT individuals; and
b) Whose management, policies, major decisions and daily business operations are independently managed and controlled by one or
more such LGBT individuals.
NONE APPLICABLE
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