Small Disadvantaged Business definition

Small Disadvantaged Business means either a "minority business enterprise" or "small disadvantaged businesses owned and controlled by persons with disabilities", as defined below.

Small Disadvantaged Business means a small business concern (as defined in FAR 19.001) that is at least 51 percent unconditionally owned by one or more individuals who are both socially and economically disadvantaged (as defined in this section), or a publicly owned business that has at least 51 percent of its stock unconditionally owned by one or more socially and economically dis- advantaged individuals (as defined in this section) and that has its manage- ment and daily business controlled by one or more such individuals.

Small Disadvantaged Business as used in this provision, means a small business concern that (a) is at least 51 percent owned by one or more individuals who are both socially and economically disadvantaged, or a publicly owned business having at least 51 percent of its stock owned by one or more socially and economically disadvantaged individuals and (b) has its management and daily business controlled by one or more such individuals.

Examples of Small Disadvantaged Business in a sentence

• If a Small Disadvantaged Business or a Socially Disadvantaged Business subcontracts more than 40% of the total estimated dollar amount of the contract to other contractors, the Disadvantaged Business Participation scoring shall be proportionally lower for that proposal.

• Each approach will be evaluated, with Priority Rank 1 receiving the highest score and the succeeding options receiving scores in accordance with the above-listed priority ranking To the extent that an Offeror qualifies as a Small Disadvantaged Business or a Socially Disadvantaged Business, the Small Disadvantaged Business or Socially Disadvantaged Business cannot enter into subcontract arrangements for more than 40% of the total estimated dollar amount of the contract.

• Also provide the names of state/UCP members that conducted the review.(11) Indicate whether your firm or any firms owned by the persons listed has ever been denied certification as a DBE/ACDBE, 8(a), or Small Disadvantaged Business (SDB) firm, or state and local MBE/WBE firm.

• Priority Rank 2 Proposals submitted from a joint venture with a Small Disadvantaged Business as a joint venture partner.

• The University is committed to the development of Small Business and Small Disadvantaged Business (“SB & SDB”) suppliers.

More Definitions of Small Disadvantaged Business

Small Disadvantaged Business. (SDB) means a small business concern:

Small Disadvantaged Business means a small business concern that is at least 51 percent

Small Disadvantaged Business means to either a "minority business enterprise" or a "handicapped business enterprise" as defined above.

Small Disadvantaged Business means a small business concern that is at least 51 percent unconditionally owned by one or more Socially and Economically disadvantaged individuals; or in the case of any publicly owned business, at least 51 percent of the voting stock is unconditionally owned by one or more Socially and Economically disadvantaged individuals; and whose management and daily business operations are controlled by one or more such individuals; and is a U.S. Citizen who also resides in the United States. Socially disadvantaged individuals are: Those who have been subjected to ethnic prejudice or cultural bias because of their identity as a member of a group without regard to their individual qualities. Minorities are “presumed” Socially disadvantaged but Social disadvantaged status can be self-certified by non-minorities when an individual believes, “in good faith”, they have been subjected to a Social disadvantage due to a distinguishing feature (such as gender, physical handicap, etc.) or cultural bias (religion, ethnicity, etc.). In such cases, non-minority Social disadvantaged status would be based on personal experiences through a “preponderance of

Small Disadvantaged Business as used in this provision means a small business that: (i) has received certification as a small disadvantaged business consistent with 13 CFR part 124, Subpart B; (ii) no material change in disadvantaged ownership and control has occurred since its certification; (iii) where the is owned by one or more individuals, the net worth of each individual upon whom the certification is based does not exceed $750,000, after taking into account the applicable exclusions set forth at 13 CFR 124.104(c)(2); and (iv) is identified, on the date of its representation, as a certified small disadvantaged business in PRO-Net, the database maintained by the Small Business Administration.

Small Disadvantaged Business. (“SDB”) means a business that is 51% or more owned and control by one or more disadvantaged persons that are socially and economically disadvantaged, is small according to the SBA’s size standards, and is registered in the System for Award Management (“SAM”) as a Small Disadvantaged Business.

Small Disadvantaged Business concern", as used in this provision, means a small business concern, owned and controlled by individuals who are both socially and economically disadvantaged, as defined by the Small Business Administration at 13 CFR part 124, the majority of earnings of which directly accrue to such individuals. This term also means a small business concern owned and controlled by an economically disadvantaged Indian tribe or Native Hawaiian organization which meets the requirements of 13 CFR 124.112 or 13 CFR 124.113, respectively. In general, 13 CFR part 124 describes a small disadvantaged business concern as a small business concern --