| Diverse suppliers include minority- (MBE), woman- (WBE), veteran- (VET) and service disabled veteran- (SDVET) owned (at least 51%), controlled and operated firms, as well as firms certified by Small Business Administration in its 8(a) program and Small Disadvantaged Business program (SDB). » Minority-Owned Business » Woman-Owned Business » Veteran-Owned Business » Service-Disabled Veteran Owned Business » 8(a) Certified Business » Small Disadvantaged Business Minority business Classification A business enterprise is classified as a minority-owned business if the company is at least 51 percent owned, controlled and operated by one or more individuals from a minority group. The following groups are classified as minorities:
Woman/Women-owned Business Classification A business enterprise is classified as woman/women-owned business if the company is at least 51 percent owned, controlled and operated by a woman or women. “Control” in this context means exercising the power to make policy decisions. “Operate” in this context means actively involved in the day-to-day management of the business. Veteran-owned Business Classification The term “Veteran” means a person who served in the active military, naval, or air service, and who was discharged or released there from under conditions other than dishonorable, according to US Code 38, 101 (2). The term “Veteran-owned Business” is a business that is at least 51 percent owned by one or more veterans who also control and operate it: or, in the case of any publicly owned business, at least 51 percent of the stock of which is owned by one or more veterans; “Control” in this context means exercising the power to make policy decisions’ “Operate” in this context means actively involved in the day-to-day management Service Disabled Veteran: SDVOB must be able to provide proof of classification. The business must be 51 percent unconditionally and directly owned by one or more Service-Disabled Veterans or in the case of any publicly owned business, not less than 51 percent of the stock of the company is owned by one or more SDVOB; and the management and daily business operations of the SDVOB must be controlled by one or more SDV. SBA 8(A) Certified Business The 8(A) program is a business development program that offers a broad scope of assistance to socially and economically disadvantaged firms. SDB certification strictly pertains to benefits in Federal procurement. 8(A) firms automatically qualify for SDB certification. Small Disadvantaged Business A small disadvantaged business concern means a business (a) 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 of such individuals, and (b) whose management and daily business operations are controlled by one or more or such individuals in the day-to-day management of the business. Socially and economically disadvantaged individuals include African Americans, Hispanic Americans, Native Americans, and Asian Americans found to be disadvantaged by Federal Government Agencies empowered to make this determination.
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