Historically Black Colleges & Universities
These are educational institutions determined by the Secretary of Education to meet the requirements of 34 CFR 608.2. Nonprofit research institutions that were an integral part of such a college or university before November 14, 1986, are included in this definition.
Historically Underutilized Business (HUBZone)
The business must be in an area located within one or more qualified census tract, qualified non-metropolitan counties or lands within the external boundaries of an Indian reservation.
Status as a qualified HUBZone small business concern is determined by the Small Business Administration (SBA) in accordance with 13 CFR part 126. If the SBA determines that a concern is a qualified HUBZone small business concern it will issue a certification to that effect and will add the business to the List of Qualified HUBZone Small Businesses on its Internet website.
In doing business with Carrier, this certification must be active and maintained accordingly.
Lesbian, Gay, Bi-Sexual, Transgender Business Enterprise
An LGBT business must be at least fifty-one percent (51%) owned, operated, managed and controlled by an LGBT person or persons who are either U.S. citizens or lawful permanent residents, exercise independence from any non-LGBT business enterprise, have its principal place of business (headquarters) in the United States and have been formed as a legal entity in the United States.
An LGBT business can be certified by the National Gay & Lesbian Chamber of Commerce.
Minority Business Enterprise
A business that is at least fifty-one percent (51%) owned and operated by an individual(s) who is a U.S. citizen and their ancestry is African American, Native American, Hispanic-American, Asian Pacific or they originate from India, Pakistan, Bangladesh or Sri-Lanka.
Carrier prefers that such businesses be certified by a third party such as the National Minority Supplier Development Council (NMSDC) or certifying government agency. In doing business with Carrier, this certification must be active and maintained accordingly.
Small Business Enterprise – the Small Business Act defines a small business as an entity that is organized for profit; has a place of business in the United States; operates primarily within the United States or makes a significant contribution to the U.S. economy through payment of taxes or use of American products, materials or labor; is independently owned and operated; and is not dominant in its field on a national basis.
The business may be a sole proprietorship, partnership, corporation or any other legal form. In determining what constitutes a small business, the definition will vary to reflect industry differences.
Small Disadvantaged Business
SDBs are at least fifty-one percent (51%) owned by one or more individuals who are both socially and economically disadvantaged. This can include a publicly-owned business that has at least 51% of its stock unconditionally owned by one or more socially and economically disadvantaged individual and whose management and daily business is controlled by one or more such individuals.
Since October 2008, small businesses can self-represent their status as a small disadvantaged business (SDB).
Service-Disabled Veteran-Owned Business
This is a business that is at least fifty-one percent (51%) owned by one or more service-disabled veterans or, in the case of any publicly-owned business, at least 51% of the stock of which is owned by one or more service-disabled veterans or, in the case of a veteran with a permanent and severe disability, the spouse or permanent caregiver of such veteran.
“Service-disabled veteran” means a veteran, as defined in 38 U.S.C. 101(2), with a disability that is service-connected as defined in 38 U.S.C. 101(16).
Service-Disabled Veteran-Owned Small Business
This is a small business that is at least fifty-one percent (51%) owned by one or more service-disabled veterans or, in the case of any publicly-owned business, at least 51% of the stock of which is owned by one or more service-disabled veterans or, in the case of a veteran with a permanent and severe disability, the spouse or permanent caregiver of such veteran.
“Service-disabled veteran” means a veteran, as defined in 38 U.S.C. 101(2), with a disability that is service-connected as defined in 38 U.S.C. 101(16).
Veteran-Owned Small Business
This is a small business that is at least fifty-one percent (51%) owned by one or more veterans (as defined at 38 U.S.C. 101(2)) or, in the case of any publicly-owned business, at least 51% of the stock of which is owned by one or more veterans; and the management and daily operations of which are controlled by one or more veterans.
Woman Business Enterprise
A business that is at least fifty-one percent (51%) owned by one or more women, or, the case of any publicly owned business, at least 51% of the stock of which is owned by one or more women; and whose management and daily business operations are controlled by one or more women. Carrier prefers that such businesses be certified by a third-party such as the Women Business Enterprise National Council (WBENC) or certifying government agency. In doing business with Carrier, this certification must be active and maintained accordingly.
Woman-Owned Small Business
A small business that is at least fifty-one percent (51%) owned by one or more women, or, the case of any publicly owned business, at least 51% of the stock of which is owned by one or more women; and whose management and daily business operations are controlled by one or more women.
SUPPLIER DIVERSITY GLOSSARY
National Minority Supplier Development Council
The NMSDC seeks to provide a linkage between corporate America and minority-owned businesses. Its regional councils certify and match minority-owned businesses (Asian, Black, Hispanic and Native American, etc.) with NMSDC member corporations, which want to purchase goods and services.
Small Business Administration
The SBA was established in 1953 to provide financial, technical and management assistance to help Americans start, run and grow their businesses. It also plays a major role in the government’s disaster relief efforts by making low-interest recovery loans to both homeowners and businesses.
Women’s Business Enterprise National Council
WBENC is the nation’s leading advocate of women-owned businesses as suppliers to America’s corporations. It also is the largest third-party certifier of businesses owned and operated by women in the United States. WBENC works to foster diversity in the world of commerce with programs and policies designed to expand opportunities and eliminate barriers in the marketplace for women business owners. WBENC works with representatives of corporations to encourage the utilization and expansion of supplier/vendor diversity programs.
www.sba.gov/8abd
An Airport Concession Disadvantaged Business Enterprise is one that has received Disadvantaged Business Enterprise certification. The ACDBE program was originally enacted in 1987 and most recently amended in 2012.
www.faa.gov/about/office_org/headquarters_offices/acr/bus_ent_program/
Concerns and entities are affiliates when one controls or has the power to control the other, or a third party has the power to control both. In determining the concern’s size, SBA (Small Business Administration) counts the receipts, employees or other measure of size of the concern whose size is at issue and all of its domestic and foreign affiliates.
Billion Dollar Roundtable
The BDR was created in 2001 to recognize and celebrate corporations that achieved spending of at least $1 billion with certified (National Minority Supplier Diversity Council (NMSDC) and/or the Women’s Business Enterprise National Council (WBENC)) minority and woman-owned suppliers. The BDR promotes and shares best practices in supply chain diversity excellence through the production of white papers. In discussions, the members review common issues, opportunities and strategies.
Commodity management is the process of developing a systematic approach to the entire usage cycle for a group of items. The term is often used interchangeably with Category Management.
A Commodity Manager is a person responsible for developing, implementing and maintaining a commodity inventory strategy that supports a company’s supply chain. He/she evaluates market conditions in order to maintain inventory levels and control costs, as well as evaluating and recommending vendors.
Dynamic Small Business Search
This is a search site hosted by the Small Business Administration (SBA).
Individuals whose ability to compete in the free enterprise system has been impaired due to diminished capital and credit opportunities compared with others in the same line of business and competitive market area who are not socially disadvantaged.
Federal Acquisition Regulation
FAR was established for the codification and publication of uniform policies and procedures for acquisition by all executive agencies. Key small business sections include Part 19 and Part 52.
General Services Administration
The GSA is an independent agency of the United States government, established in 1949 to help manage and support the basic functioning of federal agencies. The GSA supplies products and communications for U.S. government offices, provides transportation and office space to federal employees, and develops government-wide cost-minimizing policies, as well as other management tasks.
The GSA Schedules program is the premier acquisition vehicle in government, with approximately $50 billion a year in spending or 10 percent (10%) of overall federal procurement spending. Eighty percent (80%) of GSA Multiple Award Schedule (MAS) contractors are small businesses who represent 36 percent (36%) of sales.
www.gsa.gov/buy-through-us/purchasing-programs/multiple-award-schedule
The U.S. Small Business Administration’s (SBA) Mentor-Protege Program enhances the capability of 8(a) participants to compete more successfully for federal government contracts. The program encourages private-sector relationships and expands SBA’s efforts to identify and respond to the developmental needs of 8(a) clients.
web.sba.gov/glossary/dsp_alphabet.cfm?Letter=M
The Department of Defense Mentor-Protege Program assists small businesses (proteges) to successfully compete for prime contract and subcontract awards by partnering with large companies (mentors) under individual, project-based agreements.
https://business.defense.gov/Programs/Mentor-Protege-Program/
These are just two examples of many similar corporate and third-party programs.
North American Industry Classification System
The NAICS is the standard used by Federal statistical agencies in classifying business establishments for the purpose of collecting, analyzing and publishing statistical data related to the U.S. business economy.
The Small Business Administration (SBA) has established a Table of Small Business Size Standards, which is matched to the NAICS industries. A size standard, which is usually stated in number of employees or average annual receipts, represents the largest size that a business (including its subsidiaries and affiliates) may be to remain classified as a small business for SBA and Federal contracting programs.
System for Award Management
This is the official U.S. Government system that consolidates the capabilities of CCR (Central Contractor Registration) federal regulations, ORCA (Online Representations and Certifications Application) and EPLS (Excluded Parties List System). There is no fee to register for this site.
Service-Disabled Veteran-Owned Business Enterprise
This is a business that is at least fifty-one percent (51%) owned by one or more service-disabled veterans or, in the case of any publicly-owned business, at least (51%) of the stock of which is owned by one or more service-disabled veterans or, in the case of a veteran with a permanent and severe disability, the spouse or permanent caregiver of such veteran.
"Service-disabled veteran" means a veteran, as defined in 38 U.S.C. 101(2), with a disability that is service-connected as defined in 38 U.S.C. 101(16).
Socially disadvantaged individuals are those who have been subjected to racial or ethnic prejudice or cultural bias because of their identity as members of a specific social group. Social disadvantage must stem from circumstances beyond their control.
In the absence of evidence to the contrary, individuals who are members of the following designated groups are presumed to be socially disadvantaged: Black Americans, Hispanic Americans, Native Americans, Asian-Pacific Americans, as well as members of other groups designated by the SBA.