Disadvantaged Business definition

Disadvantaged Business means a small business concern: (a) which is at least 51 percent owned by one or more socially and economically disadvantaged individual(s) or in the case of any publicly owned business, at least 51 percent of the stock of which is owned by one or more socially and economically disadvantaged individual(s); and (b) whose management and daily business operations are controlled by one or more of the socially and economically disadvantaged individual(s) who own it. It is important to note that the business owners themselves must control the operations of the business. Absentee ownership or title ownership by an individual who does not take an active role in controlling the business is not consistent with eligibility as a DBE under CFR 49 Part 26.71.

Disadvantaged Business means a small business concern in which is, at least, 51 percent owned by one or more socially and economically disadvantaged individuals, or, in the case of any publicly owned business, atleast 51 percent of the stock of which is owned by one or more socially and economically, disadvantaged individuals who own it.

Disadvantaged Business means a business that is all of the following:

Examples of Disadvantaged Business in a sentence

• The Engineer agrees to comply with the requirements set forth in Attachment H, Disadvantaged Business Enterprise or Historically Underutilized Business Subcontracting Plan Requirements with an assigned goal or a zero goal, as determined by the State.

• One copy shall be submitted with each billing statement and one copy shall be submitted to the address included in Attachment H, Disadvantaged Business Enterprise or Historically Underutilized Business Program Requirements.

• To that end, the parties agree that Developer will have the right to earn and receive certain incentives for engaging in activities that are likely to create opportunities for CBEs generally, and to facilitate capacity building for Disadvantaged Business Enterprises as defined in the Act (“DBEs”) in particular.

• ODOT and Contractor agree to abide by and take all necessary and reasonable steps to comply with these DBE Provisions and the following, which are incorporated in this Contract with the same force and effect as though fully set forth in this Contract: o ODOT DBE Policy Statement o ODOT DBE Program Plan, and o Requirements of Title 49, Code of Federal Regulations, Part 26 - Participation by Disadvantaged Business Enterprises in Department of Transportation Financial Assistance Programs.

• In addition, Seller shall submit to Buyer Form X31162, Small and Small Disadvantaged Business and Women-Owned Small Business Subcontracting Plan Certificate of Compliance.

More Definitions of Disadvantaged Business

Disadvantaged Business means a small business concern: (a) which is at least 51 percent owned by one or more socially and economically disadvantaged individual(s) or in the case of any publicly owned business, at least 51 percent of the stock of which is owned by one or more socially and economically disadvantaged individual(s); and (b) whose management and daily business operations are controlled by one or more of the socially and economically disadvantaged individual(s) who own it. It is important to note that the business owners themselves must control the operations of the business. Absentee ownership or title ownership by an individual who does not take an active role in controlling the business is not consistent with eligibility as a DBE under CFR 49 Part 26.71. Neither the CONSULTANT, nor any sub-recipient or sub-consultant shall discriminate on the basis of race, color, national origin, or sex in the performance of this CONTRACT. The CONSULTANT shall carry out applicable requirements of 49 C.F.R. 26 in the award and administration of United States Department of Transportation assisted contracts. The CONSULTANT and all Subconsultants shall take all necessary and reasonable steps to ensure that DBE firms can compete for and participate in the performance of a portion of the work in this CONTRACT and shall not discriminate on the basis of race, color, national origin, religion or sex. Failure of the CONSULTANT to carry out those requirements is a material breach of this CONTRACT which may result in the termination of this CONTRACT or such other remedies as the MDOT deems appropriate. The goal for participation by DBEs shall be established in a Work Assignment. The MDOT will communicate to the CONSULTANT the DBE goal prior to submission of the Exhibit 8. The CONSULTANT shall exercise all necessary and reasonable steps to ensure that participation is equal to or exceeds the goal established for each Work Assignment. CONSULTANTS may visit MDOT’s website, xxx.xxxxxx.xxx, to view a complete list of “Certified DBE Firms” which have been certified as such by the Mississippi Department of Transportation and other Unified Certification Partners (UCP). The DBE firm must be on the Department’s list of “Certified DBE firms” as listed on MDOT’s website, xxx.xxxxxx.xxx and approved by MDOT to count towards meeting the DBE goal. When a Work Assignment requires a zero percent (0%) DBE goal, the CONSULTANT still has the responsibility to take all necessary and reasonable steps to ensure tha...

Disadvantaged Business means a small business concern

Disadvantaged Business means a small business which is owned or controlled by a majority of persons, not limited to members of minority groups, who have been deprived of the opportunity to develop and maintain a competitive position in the economy because of social disadvantage or disability.

Disadvantaged Business means either a small business (including a sole proprietorship, partnership, corporation or joint venture of any kind) that is owned and controlled by the United States citizens and residents of Ohio who are members of an economically disadvantaged group (which includes minorities, females and persons with disabilities) or any governmentally owned and operated sheltered workshop for the intellectually disabled and developmentally disabled located within the State of Ohio.

Disadvantaged Business means any of the following: 1m. A sole proprietorship, partnership, limited liability com-

Disadvantaged Business means a for-profit small business concern that is majority-owned by one or

Disadvantaged Business means a small business concern: (a) which is at least 51 percent owned by one or more socially and economically disadvantaged individual(s) or in the case of