Section 3 Business definition

Section 3 Business means a business concern that:

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Section 3 Business means a business concern:

Section 3 Business means a business (a) that is 51% or more owned by KCHA residents at the site(s) where the work will take place or 30% or more of the business’ permanent, full-time employees reside at the sites(s) where the work will take place; or (b) that is 51% or more owned by KCHA residents at other KCHA developments or 30% or more of business’ permanent, full time, employees reside at other KCHA developments; or (c) that is a HUD Youthbuild company; (d) that is 51% or more owned by a Section 3 person, or 30% or more of business’s permanent, full time employees are Section 3 persons, or plans to subcontract 25% or more of the estimated contract value to Section 3 businesses;

Examples of Section 3 Business in a sentence

• To Self-certify as a Section 3 Business your company/firm per 24 CFR 75, must meet one of the listed categories below.

• Except as provided in this Section 3, Business Associate may use or disclose PHI only as necessary to perform the services set forth in the Contract.

• Section 3 Business Concerns within each tier have a preference for Task Orders issued in the following order: 1) Business Concerns of the residents of Public Housing developments where the Section 3 covered assistance is expended; 2) Business Concerns of the residents of other CHA Public Housing developments; 3) Business Concerns of HCV Participants; 4) all other Section 3 Business Concerns in the Chicago Metropolitan Statistical Area.

• The undersigned bidder/contractor certifies as part of its bid or contract, that it is a Section 3 Business as indicated below.

• The parties to this contract agree to comply with HUD’s regulations in 24 C.F.R Part 75 and CHA’s Diversity and Inclusion Contract Requirements regarding employment, subcontracting and training opportunities for Section 3 Workers, Targeted Section 3 Workers, and Section 3 Business Concerns.

• I understand that it is my responsibility to conduct any due diligence necessary to make this certification and to maintain documentation establishing my Section 3 Business concern status.

• Minority and Women Owned Business Enterprises, Labor Surplus Area Firms, and Section 3 Business Concerns seeking bid opportunities under this project are encouraged to respond.

• Attach a Section 3 Business Concern Self-Certification form for each Section 3 Business identified.

• A business seeking to elect the Section 3 Contracting Preference shall self-certify or submit evidence that the business is a Section 3 Business.

• As used in this Section 3, "Business Day" means any day that is not a Saturday, Sunday or other day on which commercial banks in New York City are authorized or required by law to remain closed.

More Definitions of Section 3 Business

Section 3 Business means a business that: (i) is at least 51% owned by Section 3 Residents; (ii) has at least thirty percent (30%) permanent, full-time employees who are currently Section 3 Residents (or were such residents within the first three years of employment); or (iii) provides evidence of a commitment to subcontract in excess of twenty five percent (25%) of the dollar award of all subcontracts to be awarded to businesses that meet the qualifications set forth in requirements (i) and (ii), above.

Section 3 Business means a business that can provide evidence that they meet one of the following criteria: 1) 51 % or more owned by Section 3 residents; or 2) at least 30% of its full time employees include persons that are currently Section 3 residents, or were Section 3 residents within three years of the date of first hire; or

Section 3 Business means a business that can provide evidence that they meet one of the following criteria: 1) 51 % or more owned by Section 3 residents; or 2) at least 30% of its full time employees include persons that are currently Section 3 residents, or were Section 3 residents within three years of the date of first hire; or 3) provides evidence, as required, of a commitment to subcontract in excess of 25% of the dollar award of all subcontracts to business concerns that meet one of the preceding two qualifications.2