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Diverse Business Classification Types

 Diverse Business Classifications

*******************************PLEASE READ CAREFULLY**************************

Notice: Please classify your company based on the categories provided below.

Small Business 

One that is owned by a U.S. citizen(s) and that falls within the government’s size standards for small businesses. The government’s small business size standards may be found in the Federal Acquisition Regulation 19.102 and on the government’s website at www.sba.gov/library/lawroom.html.

 

Minority Owned Small Business 

Is a small business that is at least 51% owned by an individual(s) who is Black American, Hispanic American, Native American, Asian-Pacific American, or Subcontinent-Asian American.

**Please see the National Minority Supplier Developement Council, Inc website at http://www.nmsdc.org/nmsdc/ for additional information. **

Small Disadvantaged Business***

Is a small business that is at least 51% owned by an individual(s) who the federal government considers to be socially and economically disadvantaged, that has its management and daily operation controlled by such an individual(s), and whose owner(s) net worth, excluding equity in the business and primary residence, does not exceed $750,000. Black Americans, Hispanic Americans, Native Americans, Asian-Pacific Americans, Subcontinent-Asian Americans, as well as any others who believe they are socially and economically disadvantaged may qualify. (The federal government requires that companies claiming Small Disadvantaged Business status MUST be certified by the U.S. Small Business Administration – SBA). 

 

Women Owned Small Business 

Is a small business that is at least 51% owned by one or more women, and whose management and daily operations are controlled by one or more women.

 **Please see the Women’s Business Enterprise National Council website at http://www.wbenc.org/ for additional information. **

HUBZone Business***

Is a small business whose primary office is located in a Historically Underutilized Business Zone, and 35% of whose employees reside in HUBZone. (The federal government requires that companies claiming HUBZone Business status MUST be certified by the U.S Small Business Administration – SBA).

 

Veteran Owned Small Business

Is a small business that is at least 51% owned by one or more veterans or, in the case of any publicly owned business, not less than 51% if the stock of which is owned by one or more veterans and the management and daily business operations of which are controlled by one or more veterans.

**Please see the United States Department of Veteran Affairs website at http://www.vetbiz.gov/ for additional information.** 

 

Service Disabled Veteran Owned Small Business

Is a small business that is at least 51% owned by one or more service-disabled veterans or, in the case of any publicly owned business, not less than 51% of the stock of which is owned by one or more service-disabled veterans, and the management and daily business operations of which are controlled by one or more service-disabled veterans or in the case of a permanent and severe disability, the spouse or permanent caregiver of such veteran.

**Please see the United States Department of Veteran Affairs website at http://www.vetbiz.gov/ for additional information.** 

***Denotes that CURRENT & OFFICIAL CERTIFICATION from the U.S Small Business Administration (SBA) must be provided.

If you have any questions regarding your Diverse Business Classification/Status, Bosch encourages you to contact your local SBA Office.