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Definitions

Below are a few small business procurement definitions as stated by the Small Business Administration and the Federal Acquisition Regulation.

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  • Small Business Office
  • (505) 667-4419
  • Email

Get clarity on common terms (and is your business defined by one?)

Small business

  • An independently owned and operated entity
  • Not dominant in the field of operation in which it is bidding on government contracts
  • Meets any applicable criteria concerning number of employees or annual receipts established by the Small Business Administration (SBA). Concerns are "affiliates" when one either controls or has the power to control the other or when a third party (or parties) controls or has the power to control both.

North American Industry Classification System (NAICS)

The U.S. Small Business Administration (SBA) establishes size standards on an industry-by-industry basis (Ref 13 CFR 121). Small business size standards are determined by classifications of the product or services as found in the NAICS Manual - click on the NAICS category located in the business section of the homepage. See NAICS table of codes (pdf).

The principal product or services provided to the Laboratory should be the classification used to determine small business status particularly if a business provides products and services from one or more industry classifications.

Small disadvantaged business

A small business that must be at least 51 percent owned and controlled by a socially and economically disadvantaged individual or individuals. African Americans, Hispanic Americans, Asian Pacific Americans, Subcontinent Asian Americans, and Native Americans are presumed to qualify. Other individuals can qualify if they show by a "preponderance of the evidence" that they are disadvantaged. All individuals must have a net worth of less than $750,000, excluding the equity of the business and primary residence. Successful applicants must also meet applicable size standards for small businesses in their industry.

Woman-owned small business

A small business concern that is (1) at least 51 percent owned by one or more women; or, in the case of any publicly owned business, at least 51 percent of the stock of which is owned by one or more women; and (2) whose management and daily business operations are controlled by one or more women.

Veteran-owned small business

A small business concern that is (1) not less than 51 percent of which is owned by one or more veterans or, in the case of any publicly owned business, not less than 51 percent of the stock of which is owned by one or more veterans; and (2) the management and daily business operations of which are controlled by one or more veterans.

Service-disabled veteran-owned small business

A small business concern that is (1) not less than 51 percent of which is owned by one or more service-disabled veterans or, in the case of any publicly owned business, not less than 51 percent of the stock of which is owned by one or more service-disabled veterans; and (2) the management and daily business operations of which are controlled by one or more service-disabled veterans.

8(a) business

A firm owned and operated by socially and economically disadvantaged individuals and eligible to receive federal contracts under the Small Business Administration’s 8(a) Business Development Program and that appears on the List of Qualified 8(a) Small Business Concerns maintained by the Small Business Administration (SBA). To learn more about the program, visit the SBA's 8(a) program website.

HUBZone business

A historically underutilized business zone (HUBZone) that is an area located within one or more qualified census tracts, qualified non-metropolitan counties, or lands within the external boundaries of an Indian reservation, and that appears on the List of Qualified HUBZone Small Business Concerns maintained by the SBA. The SBA issues certifications to those concerns that qualify. To learn more about the program, visit the SBA's HUBZone website.

Where can small businesses market their business?

Small Businesses can register their companies in the System for Award Management database. The database is an excellent resource tool for government and other agencies to locate small businesses that can meet their procurement needs.


Innovations for a secure nation

Novel rocket design flight tested

Novel rocket design flight tested

The new rocket fuel and motor design adds a higher degree of safety by separating the fuel from the oxidizer, both novel formulations that are, by themselves, not able to detonate.

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Los Alamos, NM 87545

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