DEFINITION: A Small Disadvantaged Business (SDB) is a small business that is at least 51 percent owned by one or more individuals who are both socially and economically disadvantaged. SDB status makes a company eligible for bidding and contracting benefit programs involved with federal procurement. Businesses must
… Definition continues below.
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SMALL BUSINESSES DEFINITION (continued): … be certified by the Small Business Administration (SBA) to qualify for SDB status.
A publicly-owned business may be considered an SDB if at least 51 percent of its stock is unconditionally owned by one or more such individuals and if the public company's management and daily business is controlled by one or more such individuals.
The SBA defines socially disadvantaged groups as those who have been, historically, subjected to "racial or ethnic prejudice or cultural bias" within … Small Businesses definition sponsored by SearchITChannel.com, powered by WhatIs.com an online computer dictionary
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