Definition of a Small Business (NAICS codes)
and Small Business
Types
Small Business & NAICS codes
A small business, including its affiliates, is one that is
independently owned and operated, not dominant in the field of
operation in which it is bidding on government contracts, and
qualified as a small business under the criteria in 13 CFR part 121,
and NAICS size standards.
The North American Industrial Classification System or NAICS
codes determine whether a business is considered small by their
industry code. These codes pertain to the size of the firm and not
the value of the procurement. The standards are set by either the
number of employees or by the average annual sales over a three-year
period. Click here to look up your
NAICS code. Click here to look up the
size standard for that NAICS Code.
Small Disadvantaged Business
Is a small business that is: at least 51% owned by one or more
socially and economically disadvantaged people or in the case of any
publicly owned business, at least 51% of the stock of which is owned
by one or more disadvantaged people; is a U.S. citizen; owns,
operates and manages the business on a daily basis; and is in
business at least one year.
The owner(s) must have less than $750,000 personnel net worth at
the time of application & during participation.
- To do business with BSA a
small disadvantaged business, must self-certify with
BSA, that they meet all the small disadvantaged business
criteria.
The following people are automatically considered to be socially
and economically disadvantaged:
- Black Americans
- Hispanic Americans
- Indian Tribes – are those individuals who have
at least 51% of their origins in any Indian tribe, band, nation or
other organized group of Indians, including an Alaska Native
Corporation person.
- Native Americans – are those individuals who
have at least 51% of their origin in: American Indians, Eskimos,
Aleuts, and native Hawaiians.
- Asian-Pacific Americans – are those individuals
who have at least 51% of their origins in: Japan, China, the
Philippines, Vietnam, Korea, Samoa, Guam, the U.S. Trust Territory
of the Pacific Islands, (Republic of Palau), the Northern Mariana
Islands, Laos, Cambodia, Taiwan, Burma, Thailand, Malaysia,
Indonesia, Singapore, Brunei, Republic of the Marshall Islands, or
the Federated States of Micronesia.
- Subcontinent Asian Americans - are those
individuals who have at least 51% of their origins in: India,
Pakistan, Bangladesh, Sri Lanka, Bhutan, or Nepal.
The 8a program is a 9 year program for
small disadvantaged business (note: 8a firms automatically qualify as SDB status).
Woman-owned businesses can qualify for this program IF they can
prove they have been socially or economically disadvantaged in their
industry. An 8a company must be certified with the Small Business
Administration.
Woman-Owned Small Business
Is a small business that is: at least 51% owned by one or more
women or in the case of any publicly owned business, at least 51% of
the stock of which is owned by one or more women; is a U.S. citizen;
owns, operates and manages the business on a daily basis; and is in
business at least one year.
HUB-Zone Small Business
Is a small business that is: located in an Historically
Underutilized Business Zone (HUB-Zone); owned & operated by one or
more U.S. citizens; and at least 35% of its employees must reside in
a HUB-Zone.
Veteran-Owned Small Business
Is a small business that is at least 51% owned by one or more
veterans or in the case of any publicly owned business, at least 51%
of the stock of which is owned by one or more veterans.
Veteran-Owned Small Business
Service-Disabled Veteran-Owned Small Business
Means a small business that is at least 51% owned, operated and
managed by one or more service-disabled veterans. In the case of any
publicly owned business, at least 51% of the stock must by owned by
one or more service-disabled veterans and whose management and daily
business operations are controlled by one or more service-disabled
veterans or in the case of a veteran with permanent and severe
disability, the spouse or permanent caregiver of such veteran. A
Service-disabled veteran is defined in 38 U.S.C. 101(2) with a
disability that is service-connected.
Service-Disabled Veteran-Owned Small Business
Last Modified: March 19, 2012
Please forward all questions about this site to:
Michelle Holbrook
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