8(a) - Disadvantaged - Federal
Definition: A special status given to a firm that is owned and operated by persons deemed ot be socially and/or economically disadvantaged. A business considered an 8(a) Firm is eligible to receive financial assistance, training, mentoring and other forms of assistance.
Why it was created: was created to help small disadvantaged businesses compete in the American economy and access the federal procurement market
HUBZone - Federal
Definition: a United States Small Business Administration (SBA) program for small companies that operate and employ people in Historically Underutilized Business Zones (HUBZones)
Why was it created: to stimulate economic development and create jobs in urban and rural communities by providing Federal contracting preferences to small businesses located in these areas.
SDVOSB - Federal
Definition: A small business owned by a veteran with a service-related disability as defined by the department of Veteran’s Affairs
Why was it created: To give Service Disabled Veterans the ability to compete in the Federal Marketplace
Department of Veterans Affairs through the Vets First Verification program
EDWOSB - Federal
Definition: Firm must be at least 51% owned and controlled by one or more women, and primarily managed by one or more women. The women must be U.S. citizens. This Certification is part of the WOSB Federal Contract Program with the purpose of increasing equal opportunity for EDWOSBs.
Why was it created: To give women/Economically disadvantaged Women to ability to compete in the Federal Marketplace
DVBE/LA DVBE - State
This certification is to increase the % of contracts that go to DVBE’s in the State of California
DBE - State
Definition: for-profit small business concerns where socially and economically disadvantaged individuals own at least a 51% interest and also control management and daily business operations.
MBE - State
Definition: Specifically for minorities in the United States