Small business eligible for certification as socially disadvantaged business or economically disadvantaged area business: a small business entity organized for profit, including an individual, partnership, corporation, joint venture, association, or cooperative that is a certain percentage owned and is operationally controlled on a day-to-day basis by citizens of the United States. The areas of economic disadvantage are determined by the US Department of Labor.
Small business eligible for certification as socially disadvantaged business or economically disadvantaged area business: a small business entity organized for profit, including an individual, partnership, corporation, joint venture, association, or cooperative that is a certain percentage owned and is operationally controlled on a day-to-day basis by citizens of the United States. The areas of economic disadvantage are determined by the US Department of Labor.