Diverse Definitions

Diverse Supplier Definitions

Disabled-Owned Business

Qualified as a Service-Disabled Veteran-Owned Small Business Concern as defined in 13 C.F.R. §§ 125.8-125.13; or
More than 50% of the ownership or control of which is held by one or more persons with a disability; and
More than 50% of the net profit or loss of which accrues to one or more persons with a disability.
Disability has the meaning defined in 29 C.F.R. § 1630.2(g), § 1630.3 and Appendix to Part 1630 - Interpretive Guidance on Title I of the Americans with Disabilities Act.

Lesbian, Gay, Bisexual and Transgender-Owned Business (LGBT-Owned Business)

At least 51% of which is owned, operated, managed and controlled by one or more gay, lesbian, bisexual or transgender persons who are either United States citizens or lawful permanent residents;
That exercises independence from any non-gay, lesbian, bisexual or transgender-owned business enterprise;
With its principal place of business (headquarters) in the United States; and
Formed as a legal entity in the United States.
This definition is from the National Gay and Lesbian Chamber of Commerce.

Minority-Owned Business

More than 50% of the ownership or control of which is held by one or more minority individuals; and
More than 50% of the net profit or loss of which accrues to one or more minority individuals.
Minority means any Black (or African) American, Native American (or American Indian), Hispanic (or Latino) American, or Asian American.

Service-Disabled Veteran-Owned Business

Not less than 51% of which is owned by one or more service-disabled veterans, or in the case of any publicly owned business, not less than 51% of the stock of which is owned by one or more service-disabled veterans; and
The management and daily business operations of which are controlled by one or more service-disabled veterans, or in the case of a veteran with a permanent and severe disability, a spouse or permanent caregiver of such veteran.
Service Disabled Veteran has the meaning described by the United States Department of Veterans Affairs at www.vetbiz.va.gov/vip or www.vets.gov.

Veteran-Owned Business

A veteran owns 51 percent or more of the company being registered.
A veteran is the highest-compensated individual in the company (or include a memorandum that explains why you are not).
A veteran is involved directly in the day-to-day operations of the company as well as strategic decisions.
A veteran holds the highest officer position in the company.
Veteran-owned business has the meaning described by the United States Department of Veterans Affairs at www.vetbiz.va.gov/vip or www.vets.gov.

Women-Owned Business

More than 50% of the ownership or control of which is held by one or more women;
More than 50% of the net profit or loss of which accrues to one or more women; and
A significant percentage of senior management positions of which are held by women.