Disadvantaged Business Enterprise (DBE) Program
Definitions
Disadvantaged Business Enterprise (DBE) – means a for profit small
business concern that is at least 51% owned by one or more
individuals who are both socially and economically disadvantaged, or
in the case of a corporation, in which 51% of the stock is owned by
one or more such individuals; and whose management and daily
business operations are conducted by one or more socially and
economically disadvantaged individuals who own it.
Personal Net
Worth – means the net value of the assets of an individual after
total liabilities are deducted. A person’s net worth does not
include the individual’s equity in his or her primary residence and
the ownership interest in the applicant firm.
Primary
Industry Classification – means the six digit North American
Industry Classification System (NAICS) code designation, which best
describes the primary business of the firm.
Small
Business Concern – means a small business as defined pursuant to
section 3 of the Small Business Act and Small Business
Administration regulations implemented in 13 CFR Part 121, and
does not exceed the cap on average annual gross receipts specified
in §26.65.
Socially &
Economically Disadvantaged Individual – means any individual who is
a citizen (or lawfully admitted permanent resident) of the United
States, and who is:
1. “Black American,” which
includes persons having origins in any of the Black racial group of Africa;
2. “Hispanic American,” which
includes persons of Mexican, Puerto Rican, Cuban, Dominican, Central
or South American, or other Spanish or Portuguese culture or origin,
regardless of race;
3. “Native American,” which
includes persons who are American Indians, Eskimos, Aleuts, or
Native Hawaiians;
4. “Asian-Pacific American,”
which includes persons whose origins are from Japan, China, Taiwan,
Korea, Burma (Myanmr), Vietnam, Laos, Cambodia (Kampuchea),
Thailand, Malaysia, Indonesia, the Philippines, Brunei, Samoa, Guam,
the U.S. Trust Territories of the Pacific Islands (Republic of
Palau), the Commonwealth of the Northern Mariana’s Islands, Macao,
Fiji, Tonga, Kiribati, Juvalu, Nauru, Federated States of
Micronesia, or Hong Kong.
5. “Subcontinent Asian
American,” which includes persons whose origins are from India,
Pakistan, Bangladesh, Bhutan, the Maldives Islands, Nepal or Sri
Lanka;
6. Women; and
7. Any additional groups whose
members are designated as socially and economically disadvantaged by
the SBA, at such time as the SBA designation becomes effective.
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