Small Business Classifications

DEFINITIONS

Small and diverse business enterprises are defined as such:

SMALL BUSINESS ENTERPRISE (SBE)

An independently owned and operated business concern that employs 200 or fewer permanent full-time employees, and that, together with its affiliates, has a net worth of not more than $5 million.

WOMAN BUSINESS ENTERPRISE (WBE)

A small business concern which is organized to engage in commercial transactions, domiciled in the State of Florida, and is at least 51% owned, managed, and controlled by one or more women.

MINORITY BUSINESS ENTERPRISE (MBE)

A small business concern which is organized to engage in commercial transactions, domiciled in the State of Florida, and is at least 51% owned, managed, and controlled by a minority person(s). A minority person is a lawful, permanent resident of Florida who is an American Woman, Asian American, African American, Hispanic American, or Native American.

VETERAN-OWNED BUSINESS

A small business concern which is organized to engage in commercial transactions, domiciled in the State of Florida, and is at least 51% owned, managed, and controlled by one or more veterans.

SERVICE-DISABLED VETERAN-OWNED BUSINESS

A small business concern which is organized to engage in commercial transactions, domiciled in the State of Florida, and is at least 51% owned, managed, and controlled by one or more service -disabled veterans.

HUB ZONE BUSINESS

An independently owned and operated small business with at least 51% owned, managed and operated by U.S. citizens, a Community Development Corporation, an agricultural cooperative, a Native Hawaiian organization, or an Indian tribe. Have a principal office located in a HUBZone and have at least 35% employees live in a HUBZone.

DISADVANTAGED BUSINESS (DBE)

An independently owned and operated small business with at least 51% owned, managed and operated by one or more individuals who are both socially and economically disadvantaged. Has a personal net worth of less than $1.32 million.


Approved Certifying Agencies