Diversity Classifications

Small Business Concern (SB)
Is one that is independently owned and operated and which is not dominant in its field of operation. The law also states that in determining what constitutes a small business, the definition will vary from industry to industry to reflect industry differences accurately.

Small Disadvantaged Business (SDB)
Is a small business concern that is at least 51% owned by one or more individuals who are both socially and economically disadvantaged. This can include a publicly owned business that has at least 51% of its stock unconditionally owned by one or more socially and economically disadvantaged individuals and whose management and daily business is controlled by one or more such individuals.

Women-Owned Small Business (WOSB)
Is a small business concern that is at least 51% owned by one or more women. This can include any publicly owned business that 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

Veteran-Owned Small Business (VOSB)
Is a small business that is at least 51% owned by one or more veterans or in the case of any publicly owned business, at least 51% of the stock of which is owned by one or more veterans.

HUBZone Small Business Concern (HUBZone)
Is a small business that is: located in a Historically Underutilized Business Zone (HUB-Zone); owned & operated by one or more U.S. citizens; and at least 35% of its employees must reside in a HUB-Zone.

Minority Business Enterprise (MBE)
Is a for-profit enterprise, regardless of size, physically located in the United States or its trust territories, which is at least 51% owned by one or more minorities; or in the case of a publicly-owned business, at least 51% of the stock of which is owned by one or more minorities; and whose management and daily business operations are controlled by one or more minorities. Minority groups include African-Americans, Hispanic Americans, Native Americans, Asian-Indian Americans and Asian-Pacific Americans.

Woman Business Enterprise (WBE)
Is a business 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 must be owned by one or more women, and whose management and daily operations are controlled by one or more women.