Small Disadvantaged Businesses (SDB) is a recognized program under Small Business Administration (SBA). This program exists to grant preferential consideration to specific government contracts. The program is aimed at promoting equal business opportunities and boosting economic growth among socially and economically disadvantaged entrepreneurs. The goal is to level the playing field by offering these businesses an opportunity to compete effectively in the business world and contribute to the U.S. economy.
To qualify for SDB program, a firm must meet several eligibility requirements. Notably, it must classify as a small business according to SBA’s size standards. Additionally, the firm must be 51% or more owned and controlled by one or more persons identified as disadvantaged. These individuals are typically those who have been subjected to racial, ethnic, or cultural bias and have suffered economic disadvantage due to this bias. For comprehensive insight on the eligibility factors, refer to Title 13 Section 124.1001 of Code of Federal Regulations.
