Socially and Economically Disadvantaged definition

Socially and Economically Disadvantaged as used in this policy means a minority, woman, or small business enterprise owned, operated, and controlled by one (1) or more eligible owners who have 51% ownership, interest, holds the professional or contractor license necessary for operation as well as management, control, and have technical expertise directly related to the primary product or service of the business, and is 25% or less of the applicable size standards established by the Small Business Administration.
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Socially and Economically Disadvantaged means a citizen or lawfully admitted permanent resident of the United States who is socially disadvantaged and economically disadvantaged. The law establishes the level of personal net worth at $1,500,000, above which an individual may not be found to be socially and economically disadvantaged.
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Socially and Economically Disadvantaged individual means any individual who is a citizen (or lawfully admitted permanent resident) of the United States and who is:
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Examples of Socially and Economically Disadvantaged in a sentence

  • Firm Name, Address and Phone # Work Type *Minority **HUBCategory Certified (Y/N) *Minority categories: Black, African American (B), Hispanic (H), Asian American (A) American Indian (I), Female (F) Socially and Economically Disadvantaged (D) ** HUB Certification with the state HUB Office required to be counted toward state participation goals.

  • Socially and Economically Disadvantaged Individual Pursuant to 49 CFR, Part 26 – Those individuals who are citizens of the United States (or lawfully admitted permanent residents).

  • Firm Name, Address and Phone # Work type *Minority Category *Minority categories: Black, African American (B), Hispanic (H), Asian American (A) American Indian (I), Female (F) Socially and Economically Disadvantaged (D) The total value of minority business contracting will be ($) .

  • Such work will be subcontracted to the following firms listed below.(Attach additional sheets if necessary)Name and Phone Number*MWBECategoryWork descriptionDollar Value*MWBE categories: Black, African American ( B), Hispanic (H), Asian American (A) American Indian (I), Female (F) Socially and Economically Disadvantaged (D) Pursuant to GS143-128.2(d), the undersigned will enter into a formal agreement with MWBE for work listed in this schedule conditional upon execution of a contract with the Owner.

  • Firm Name, Address and Phone # Work Type *Minority **HUB Category Certified(Y/N) *Minority categories: Black, African American (B), Hispanic (H), Asian American (A) American Indian (I), Female (F) Socially and Economically Disadvantaged (D) ** HUB Certification with the state HUB Office required to be counted toward state participation goals.

  • However, WBE's are not to be considered and may not be utilized to comply with Disadvantaged Business Enterprise (DBE) requirements unless the woman or women are Socially and Economically Disadvantaged Individuals.

  • Socially and Economically Disadvantaged Individual - See 13 C.F.R. §§ 124.103 and 124.104.

  • Socially and Economically Disadvantaged SBC (SDB) - See 13 C.F.R. Part 124, Subpart B.

  • Other (specify)” is selected as the "Type of Applicant."Women Owned:Do not use the "Women Owned" checkbox.Socially and Economically Disadvantaged:Do not use the "Socially and Economically Disadvantaged" checkbox.Note: NIH, CDC, and FDA use the Business Type information provided in the System for Award Management entity record for the applicant organization, rather than the “Woman Owned” and “Socially and Economically Disadvantaged” checkboxes, to determine the small business organization type.

  • Socially and Economically Disadvantaged ApplicantsUp to 14 points will be given to companies that are socially and economically disadvantaged per the SBA guidelines: Woman Owned; Veteran or Service-Disabled Veteran Owned; Rural Classification; Located in an Opportunity Zone and/or New to STEP.


More Definitions of Socially and Economically Disadvantaged

Socially and Economically Disadvantaged means a citizen or lawfully admitted permanent resident of the United States who is socially disadvantaged and economically disadvantaged. The law establishes the level of personal net worth at $1,500,000, increasedby the Consumer Price Index (CPI); above this net personal worth figure, an individual may not be found to be socially and economically disadvantaged. The current personal net worth figure can be found on the MDOT website at: http://www.mdot.maryland.gov/Office%20of%20Minority%20Business%20Enterprise/Resources%20Information.
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Socially and Economically Disadvantaged as used in this policy means a minority, woman, or small business enterprise owned, operated, and controlled by one (1) or more eligible owners who have 51% ownership, interest, holds the professional or contractor license necessary for
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Socially and Economically Disadvantaged means such persons are socially
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Socially and Economically Disadvantaged as used in this policy means a minority, woman, or small business enterprise owned, operated, and controlled by one (1) or more eligible owners
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Related to Socially and Economically Disadvantaged

  • Economically disadvantaged means to be eligible to receive free or reduced price

  • Historically disadvantaged individuals (HDIs means all South African citizens –

  • Medically Necessary means a service which is appropriate and consistent with the treatment of the condition in accordance with accepted standards of community practice.

  • Disadvantaged community means a community with an annual median household income that is less than 80 percent of the statewide annual median household income.

  • Financially Literate means the ability to read and understand a set of financial statements that present a breadth and level of complexity of accounting issues that are generally comparable to the breadth and complexity of the issues that can reasonably be expected to be raised by the Corporation’s financial statements.

  • Disadvantaged Communities means communities that bear burdens of

  • Disadvantaged Business Enterprise (DBE) means a firm certified as such by the Department in accordance with 49 CFR Part 26.

  • fradulent practice means a misrepresentation or omission of facts in order to influence a procurement process or the execution of contract;

  • Disadvantaged Business Enterprise means a for-profit small business concern that is at least 51% owned by one or more individuals who are both socially and economically disadvantaged individuals or, in the case of a corporation, in which 51% of the stock is owned by one or more such individuals; and whose management and daily business operations are controlled by one or more socially and economically disadvantaged individuals who own it.

  • Health practitioner means a registered health practitioner registered or licensed as a health practitioner under an appropriate law of the State of Tasmania.