Section 3 Business definition

Section 3 Business means a business concern that:
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Section 3 Business means a business concern:
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Section 3 Business means a business (a) that is 51% or more owned by KCHA residents at the site(s) where the work will take place or 30% or more of the business’ permanent, full-time employees reside at the sites(s) where the work will take place; or (b) that is 51% or more owned by KCHA residents at other KCHA developments or 30% or more of business’ permanent, full time, employees reside at other KCHA developments; or (c) that is a HUD Youthbuild company; (d) that is 51% or more owned by a Section 3 person, or 30% or more of business’s permanent, full time employees are Section 3 persons, or plans to subcontract 25% or more of the estimated contract value to Section 3 businesses;
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Examples of Section 3 Business in a sentence

  • The Authority has, within the terms of its procurement policy, established the following goals with regards to Economic Inclusion and encourages participation by MBE/WBE and Section 3 Business concerns.

  • Contractors, and subcontractors when applicable, must actively facilitate compliance with Section 3 by directing hiring, training, and subcontracting opportunities to Section 3 Residents and Section 3 Business Concerns to the greatest extent feasible.

  • Offerors should indicate all firms proposed as subcontractors on this project, and whether any of the firms are Section 3 Business Concerns.

  • Section 3 Business Concerns can be found on the HUD Section 3 website at https://portalapps.hud.gov/Sec3BusReg/BRegistry/What.Businesses which fit the definition of a Section 3 Business Concern, and would like to self-perform in order to comply with Section 3 requirements, must submit Section 3 Self-Certification documentation.

  • Minority Business Enterprises, Small Business Enterprises, Women Business Enterprises, Historically Underutilized Businesses, Section 3 Business Concerns, and labor surplus area firms are encouraged to submit Proposals.

  • Use an additional sheet if required Based on the table above, outline the total dollar value and percentage of contracts that will be subcontracted to Section 3 Business Concerns.

  • Applicants who meet the Section 3 Business categories must indicate in the proposal under which category they are qualified and then are responsible for providing all documentation or other information which supports the applicant’s declared category.

  • The Section 3 Utilization Plan & Statement of Compliance should detail the Offeror’s goals to hire new Section 3 residents and/or subcontract with Section 3 Business Concerns.

  • Each Proposer is required to submit with their one original proposal, the Section 3 Business Certification and Resident Employment Plan form.

  • The following contracting and employment requirements and/or goals are applicable on this project:• 10% of construction dollars awarded to Section 3 Businesses; and• 3% of non-construction dollars awarded to Section 3 Businesses; and• 30% of new hires are Section 3 Residents.Please refer to the requirements outlined in the Section 3 Business Utilization Program (Attachment A) and the Workforce Training & Hiring Program (Attachment C).


More Definitions of Section 3 Business

Section 3 Business means a business that can provide evidence that they meet one of the following criteria: 1) 51 % or more owned by Section 3 residents; or 2) at least 30% of its full time employees include persons that are currently Section 3 residents, or were Section 3 residents within three years of the date of first hire; or
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Section 3 Business means a business that can provide evidence that they meet one of the following criteria: 1) 51 % or more owned by Section 3 residents; or 2) at least 30% of its full time employees include persons that are currently Section 3 residents, or were Section 3 residents within three years of the date of first hire; or 3) provides evidence, as required, of a commitment to subcontract in excess of 25% of the dollar award of all subcontracts to business concerns that meet one of the preceding two qualifications.2
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Section 3 Business means a business that is:· formed in accordance with Connecticut State law;· properly licensed to engage in its business activity; responsible and able to perform successfully under the terms and conditions of the proposed contract; and· certified as a Section 3 Business by HACH.
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Section 3 Business means a business that: (i) is at least 51% owned by Section 3 Residents; (ii) has at least thirty percent (30%) permanent, full-time employees who are currently Section 3 Residents (or were such residents within the first three years of employment); or (iii) provides evidence of a commitment to subcontract in excess of twenty five percent (25%) of the dollar award of all subcontracts to be awarded to businesses that meet the qualifications set forth in requirements (i) and (ii), above.
Sample 1

Related to Section 3 Business

  • Qualified business means a for-profit business that obtains services relating to that business from 30 or fewer employees or employees of independent contractors performing services substantially similar to employees during a random week in the year ending on the tax day. If a person is a unified business group as that term is defined in section 117 of the Michigan business tax act, 2007 PA 36, MCL 208.1117, the number of employees from whom services are obtained includes all employees of the unitary business group and employees of independent contractors of the unitary business group rendering services to the qualified business.

  • Eligible business means a business located within the counties of Cook, DuPage, Kane, Lake, McHenry or Will in the State of Illinois (the “Six County Region”), and as to which: (1) a majority of the business' fleet is located and used within the Six County Region; and (2) a majority of those vehicles located and used within the Six County Region are alternatively powered vehicles.

  • home business means a business, service or profession carried out in a dwelling or on land around a dwelling by an occupier of the dwelling which –

  • Retained Businesses means all businesses, operations and activities directly or indirectly conducted or formerly conducted by the Seller Group other than the Business (including all businesses, operations and activities related to any dealerships sold or disposed of prior to the date hereof).