DIR's Supplier Diversity Information Resource Guide 20, Jan 2012 | Page 19

Small
COPYRIGHT 2012, DIVERSITY INFORMATION RESOURCES, MINNEAPOLIS, MN

Business Administration

should be familiar with the NAICS codes for the products or services that they provide. The best web site for
this information is www.sba.gov/size/
The programs that will be most affected by code changes are the ones that give disadvantaged businesses an assist in
bidding for federal contracts, including the section 8(a) program, which reserves a certain number of government contracts specifically for minority-owned businesses. The SBA says companies that apply for these are likely to be affected
more than those applying for loans, because companies of varying sizes compete for government contracts whereas

only the smallest companies tend to apply for SBA loans.
Business Size Determination Guidelines
To determine whether a company is a large or small business use the North American Industry Classification
System (NAICS) code at www.census.gov/epcd/naics02/naico602.htm. After determining the NAICS code,
refer to the industry size standards published by the Small Business Administration at www.sba.gov/size/
sizetable2002.html to determine whether a company is classified as a large or a small business under that
.
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NAICS code. For additional information on determining business size, please refer to the SBA Guide to
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Definitions of Small Business at www.sba.gov/size/indexguide.html
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Business Classification Definitions:
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Veteran-Owned Small Business
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“Veteran-Owned Small Business” as used in this provision means a small business that: isfoat least 51%
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unconditionally owned by one or more veterans (as defined at 38 U.S.C. 101(2)); or iversthe case of any publicly
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owned business, at least 51% of the stock of which is unconditionally owned byfoone or more veterans; and
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whose management and daily business operations are controlled by one ortamore veterans.
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Service-Disabled Veteran-Owned Small Business
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“Service-Disabled Veteran-Owned Small Business” as used in this M
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least 51% unconditionally owned by one or more service-disabled veterans (as defined at 38 U.S.C. 101(2),
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with a disability that is service connected, as defined ins38 U.S.C. 101(16)); or in the case of any publicly
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owned business, at least 51% of the stock of whichou unconditionally owned by one or more service-disabled
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veterans; and whose management and daily business operations are controlled by one or more servicetio
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disabled veterans or, in the case of a veteran with permanent and severe disability, the spouse or permanent
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HUBZone Small Business
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"HUBZone Small Business"ity o used in this provision means a small business that appears on the list of Qualit as
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fied HUBZone Small Business maintained by the US Small Business Administration
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https://eweb1.sba.gov/hubzone/internet/
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Socially prod Economically Disadvantaged Individuals
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Socially disadvantaged individuals are those who have
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bias because of their identities as members of groups
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been subjected to racial or ethnic prejudice or cultural
without regard to their individual qualities. The social
disadvantage must stem from circumstances beyond their control.

In the absence of evidence to the contrary, the following individuals are presumed to be socially disadvantaged:
• Black Americans;
• Hispanic Americans (persons with origins from Latin America, South America, Portugal and Spain);
• Native Americans (American Indians, Eskimos, Aleuts, and Native Hawaiians);
• Asian Pacific Americans (persons with origins from Japan, China, the Philippines, Vietnam, Korea, Samoa,
Guam, U.S. Trust Territory of the Pacific Islands [Republic of Palau], Commonwealth of the Northern
Mariana Islands, Laos, Cambodia [Kampuchea], Taiwan, Burma, Thailand, Malaysia, Indonesia, Singapore,
Brunei, Republic of the Marshall Islands, Federated States of Micronesia, Macao, Hong Kong,
Fiji, Tonga, Kiribati, Tuvalu, or Nauru);
• Subcontinent Asian Americans (persons with origins from India, Pakistan, Bangladesh, Sri Lanka, Bhutan,
the Maldives Islands or Nepal).

2012 Supplier Diversity Information Resource Guide

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