Small Business Office

Mission Statement

The Small Business Office is the engine that drives small business inclusion opportunities by facilitating the building of relationships between our buyers and potential small business suppliers. Small Business Classification Examples:

  • Manufacturers: 500 employees or less
  • Business and Professional Services: $7.0 million sales*
  • General & Heavy Construction: $33.5 million sales*
*Based on Annual Sales of 12 months
All other industries please refer to NAICS website: https://www.census.gov/naics/

Small Business Categories

Small Business (SB)- A “Small Business Concern” means a concern, including its affiliates that is independently owned and operated, not dominant in the field of operation in which it is bidding on government contracts, and qualifies as a small business under the criteria and size standards.

Small Disadvantaged Business (SDB)- A firm may represent that it qualifies as an SDB for any Federal subcontracting program if it believes in good faith that it is owned and controlled by one or more socially and economically disadvantaged individuals.

Women-Owned Small Business (WOSB)- A small business concern that is at least 51% owned by one or more women, or, in the case of any publicly owned business, at least 51% of the stock is owned by one or more women. In addition, one or more women must control the management and daily business operations.

Veteran-Owned Small Business (VOSB)- A small business concern that is at least 51% owned by one or more veterans or in the case of any publicly owned business, at least 51% of the stock is owned by one or more veterans. In addition, one or more veterans must control the management and daily business operations.

Service Disabled Veteran-Owned Small Business (SDVOSB)- A small business concern that is at least 51% owned by one or more service disabled veterans or in the case of any publicly owned business, at least 51% of the stock is owned by one or more service disabled veterans. In addition, the management and daily business operations must be controlled by one or more service disabled veterans. In the case of a permanent or severe disability, the spouse or caregiver of such a service-disabled veteran may control the management and daily operations.

Hubzone Small Business (HZ)- A concern that has been certified by SBA as a HUBZone Small Business. If a concern self-certifies with you that it has received SBA’s HUBZone certification, you must verify this in the Central Contractor Registration at www.ccr.gov.

© 2024 Volvo | All rights reserved