Transcription of Supplier Diversity Classifications
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Supplier Diversity Classifications
Updated 05/2012 Supplier Diversity Classifications Definitions Minority-Owned - A business that is at least 51% owned by, and whose management and daily business operations are controlled by, one or more members of a socially and economically disadvantaged minority group, namely citizens who are African Americans (Black), Hispanic Americans, Native Americans, Asian-Pacific Americans, Alaskan Native Americans and Indian Sub-Continent Americans. Minority Business Enterprise (MBE) - A Minority Business Enterprise usually certified by a federal, state or local Government agency as having met all of the government standards that award eligibility. Women-Owned - A business that is at least 51% owned by, and whose management and daily business operations are controlled by one or more women who are citizens.
7,000 qualified census tracts (HUD) and 900 qualified non-metropolitan counties. LGTB Owned (LGTB) – A business that is at least 51% owned and operated by a LGTB person(s). Historically Black Colleges / Universities & Minority Institutions (HBCU/MI) - Historically Black …
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