Funding special designation definitions

  • Small Business Enterprise: A small business which is certified as being at least fifty-one percent (51%) controlled by one or more non-minority males who are resident citizens of the United States and has forty-nine (49) or fewer full time, part-time or seasonal employees and no more than the equivalent of two-million dollars ($2,000,000) in annual gross revenues.
  • Minority Business Enterprise: A business which is certified as being at least fifty-one percent (51%) controlled by one or more ethnic minority persons of either sex. An ethnic minority person shall be described as follows: Black Americans-Hispanic Americans - Native American - Asian and Pacific Islander American.
  • Labor Surplus Area Firm: A Labor Surplus Area (LSA) is a civil jurisdiction that has a civilian average annual unemployment rate during the previous two calendar years of 20% or more above the average annual civilian unemployment rate for all states (including Puerto Rico) during the same 24-month reference period. If the National annual average unemployment rate during the referenced period is less than 6% then the qualifying rate of 6%. If the National annual average unemployment rate during the referenced period is above 10% then the qualifying rate is 10%.
    The department of Labor maintains a listing of areas of the nation where the average unemployment rate is 20% is higher than the national unemployment rate. A listing and other information on labor surplus areas can be found at doleta.gov/programs/lsa.cfm.
  • Women Business Enterprise: A business which is certified as being at least fifty-one percent (51%) controlled by one or more non-minority females who are resident citizens of the United States.