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, at least 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 small business concern

Examples of Disadvantaged Business in a sentence

  • Bidders are encouraged to view the Rhode Island Minority Business Enterprise (RIMBE) website for a list of Disadvantaged Business Enterprise vendors that may be interested in working with your company on this Bid.

  • Disadvantaged Business Enterprise (DBE) Special Provisions A firm’s DBE Participation and/or demonstration of a “Good Faith Effort” will be considered when reviewing submittals for responsiveness.

  • This solicitation is subject to federal provisions concerning the utilization of Disadvantaged Business Enterprises (DBEs).

  • The national goal for participation of Disadvantaged Business Enterprises (DBE) is 10%.

  • The Disadvantaged Business Enterprise goal for this project is: Not Applicable.% The successful Bidder shall be required to certify that he is not on the Comptroller General's List of Ineligible Contractors.


More Definitions of Disadvantaged Business

Disadvantaged Business means a business that is all of the following:
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 sole proprietorship, partnership, limited liability company, joint venture or corpora- tion that fulfills all of the following requirements:
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