(a) “Controlled by socially and economically disadvantaged individuals” means management and daily business are controlled by one or more such individuals.
(b) “Disadvantaged enterprises” means U.S. organizations or individuals that are:
(1) Business concerns (as defined in FAR 19.001) owned and controlled by socially and economically disadvantaged individuals; (See FAR 19.001)
(2) Institutions designated by the Secretary of Education, pursuant to 34 CFR 608.2, as historically black colleges and universities;
(3) Colleges or universities having a student body in which more than 40 percent of the students are Hispanic American; or
(4) Private voluntary organizations which are controlled by individuals who are socially and economically disadvantaged.
(c) “Economically disadvantaged individuals” has the same meaning as in FAR 19.001, except that the term includes women. (See FAR 19.001)
(d) “Owned by socially and economically disadvantaged individuals” means at least 51 percent owned by one or more individuals who are both socially and economically disadvantaged, or a publicly owned business having at least 51 percent of its stock owned by one or more socially and economically disadvantaged individuals.
(e) “Small disadvantaged business” means a small business concern (as defined in FAR 19.001) that is at least 51 percent unconditionally owned by one or more individuals who are both socially and economically disadvantaged (as defined in this section), or a publicly owned business that has at least 51 percent of its stock unconditionally owned by one or more socially and economically disadvantaged individuals (as defined in this section) and that has its management and daily business controlled by one or more such individuals. (See FAR 19.001)
(f) “Socially disadvantaged individuals” has the same meaning as in FAR 19.001, except that the term includes women.
