Orange County NC Website
' (a) Black American: <br /> (b) Hispanic Americans(with origins from Puerto Rico,Mexico,Cuba, <br /> ' South or Central America;and <br /> (c) Asian-Pacific American (with origins from Japan,China,the Philippines, <br /> ' Vietnam,Korea,Samoa,Guam,the U.S.Trust Territories of the Pacific, <br /> Northern Marianas,Laos,Cambodia,Taiwan or the Indian subcontinent. <br /> (d) American Indian or Alaskan Native (all persons having origins in any of <br /> ' the original peoples of North America and maintaining identifiable tribal <br /> affiliations through membership and participation or community <br /> identification). <br /> (2) In order to satisfy this third criteria of the MBE definition,the minority ownership's <br /> interest must be real,substantial and continuing. Such interest is characterized by: <br /> ' (a) Risk of loss/share of profit commensurate with the proportional <br /> ownership;and <br /> ' (b) Receipt of the customary incidents of ownership,such as salary <br /> and/or intangible benefits. <br /> ' (3) A minority owner must have and exercise control of the business decisions. <br /> Characteristics of control include, but are not limited to: <br /> (a) Authority to sign bids and contracts; <br /> (b) Decisions in price negotiations; <br /> (c) Incurring liabilities for the firm; <br /> ' (d) Final staffing decisions; <br /> (e) Policy-making;and <br /> (f) General company management decisions. <br /> ' d. Only those firms performing a useful business function according to custom and practice in <br /> the industry are qualified as MBEs. Acting merely as a passive conduit of funds to some <br /> other firm where such activity is unnecessary to accomplish the project does not constitute <br /> a"useful business function according to custom and practice in the industry." The purpose <br /> of this approach is to discourage the use of MBE"fronts"and limit the creation of an <br /> artificial supplier and broker marketplace. <br /> ' 2. Small Business Concern:Means a concern,including the affiliates,that is independently owned <br /> and operated,not dominant in the field of operation in which it is bidding on government <br /> contracts,and qualified as a small business under the criteria and size standards set forth in 13 <br /> CFR 121. <br /> ' a. Concern: Means any business entity located inside the United States that is organized <br /> for profit(even if it is owned by a nonprofit entity), pays U.S.taxes,and/or uses <br /> American products,materials,and/or labor,etc. A"concern" may be an individual,a <br /> partnership,a corporation,a joint venture,an association,or a cooperative. <br />