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A
minority certification is a
review process designed to
ensure that a small business
is actually owned,
controlled, and managed by
the applicants. Most
certifications are granted
for Minority or Women owned
businesses, Small
Disadvantaged Businesses,
and Underutilized
businesses. Certification
agencies implement the
processes for government and
private sector entities and
ensure that only firms that
meet the eligibility
criteria of the individual
programs are properly
certified.
SBA's Definition of a Small
Business
The SBA defines a small
business concern as one that
is independently owned and
operated, is organized for
profit, and is not dominant
in its field. Depending on
the industry, size standard
eligibility is based on the
average number of employees
for the preceding twelve
months or on sales volume
averaged over a three-year
period. Examples of SBA
general size standards
include the following:
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Manufacturing: Maximum
number of employees may
range from 500 to 1500,
depending on the type of
product manufactured;
-
Wholesaling:
Maximum number of
employees may range from
100 to 500 depending on
the particular product
being provided;
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Services: Annual
receipts may not exceed
$2.5 to $21.5 million,
depending on the
particular service being
provided;
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Retailing: Annual
receipts may not exceed
$5.0 to $21.0 million,
depending on the
particular product being
provided;
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General and Heavy
Construction: General
construction annual
receipts may not exceed
$13.5 to $17 million,
depending on the type of
construction;
-
Special Trade
Construction: Annual
receipts may not exceed
$7 million; and
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Agriculture: Annual
receipts may not exceed
$0.5 to $9.0 million,
depending on the
agricultural product.
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There
are many types of
certifications available for
Small Businesses.
Minority Owned Businesses
(MBE)
Women
Owned Businesses (WBE)
Small
Disadvantaged Businesses
(SDB) or Disadvantaged
Business Enterprises (DBE)
8(a)
Designation
HUBZone Business Enterprises
(HUB)
Disabled Veteran Businesses
(DVBE)
In
Virginia: Department of
Minority Business Enterprise
http://www.dmbe.virginia.gov/
Small Business Planner:
http://www.sba.gov/smallbusinessplanner/index.html
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