Supplier Diversity Program – business classifications and definitions

The following classifications of diverse businesses are included in the Humana Supplier Diversity Program.

Minority-Owned Business Enterprise (MBE)

A for-profit business, regardless of size, physically located in the United States or its trust territories, that is: (1) at least 51 percent owned by one or more minority individuals or in the case of a publicly owned business, at least 51 percent of the stock is owned by one or more minority individuals, and (2) whose management and daily business operations are controlled by one or more minority individuals.

Woman-Owned Business Enterprise (WBE)

A for-profit business, regardless of size, physically located in the United States or its trust territories that is: (1) at least 51 percent owned by one or more women or in the case of a publicly owned business, at least 51 percent of the stock owned by one or more women, and (2) whose management and daily business operations are controlled by one or more women.

Small Business Enterprise (SBE)

A for-profit small business concern, including its affiliates, that is independently owned and operated, is organized for profit, and is not dominant in its field. Depending on the industry, size standard eligibility is based on the average number of employees for the preceding twelve months or on sales volume averaged over a three-year period. Visit the Small Business Administration website to review size standards associated with NAICS codes and methodology for determining eligibility Classifications are as follows:

  • Small HUBZone Business – Located in a historically underutilized business zone. At least 35 percent of employees must reside in a HUBZone
  • Small Veteran-Owned Business – At least 51 percent owned, operated, and controlled by individuals who have served in the U.S. military armed services.
  • Small Service-Disabled Veterans-Owned Business – At least 51 percent owned, operated, and controlled by individuals who were injured while serving in the U.S. military armed services.
  • Small Disadvantaged-Owned Business – At least 51 percent owned, operated, and controlled by one or more socially and economically disadvantaged individuals.
  • Small 8(a) Business – At least 51 percent owned, operated, and controlled by one or more certified disadvantaged individuals. 8(a) is a business development program created to help small, disadvantaged businesses compete in the American economy and access the federal procurement market.
  • Small Woman-Owned Business – A small business concern that is: (1) at least 51 percent owned by one or more women or in the case of a publicly owned business, at least 51 percent of the stock owned by one or more women, and (2) whose management and daily business operations are controlled by one or more women.

LGBT-Owned Business Enterprise (LGBTE)

A for-profit business, regardless of size, physically located in the United States or its trust territories, that is: (1) at least 51 percent owned and operated by Lesbian, Gay, Bisexual, and/or Transgender individuals or in the case of publically owned business, at least 51 percent of the stock is owned by one or more LGBT individuals, and (2) whose management and daily business operations are controlled by one or more LGBT individuals.

DISABILITY-Owned Business Enterprise (DOBE)

A for-profit business, regardless of size, physically located in the United States or its trust territories, that is: (1) at least 51 percent owned and operated by and controlled by an individual of United States citizenship with a permanent mental or physical impairment that substantially limits one or more of the major life activities and which has a significant negative impact upon the company's ability to successfully compete, or in the case of a publicly owned business, at least 51 percent of the stock is owned by one more disabled individuals, and (2) whose management and daily business operations are controlled by one or more disabled individuals.

Definitions

  • Alaskan Owned Corporations – Tribal and Alaskan Owned Corporations meeting special rights under SBA (8) Program
  • Certified Business Enterprise – A business who has obtained a 3rd party certification as a diverse or minority owned business (ethnicity, race, sex, sexual orientation, etc.)
  • Economically disadvantaged – Socially disadvantaged person whose ability to compete in the free-enterprise system has been impaired due to diminished capital and credit opportunities as compared to others in the same business who are not socially disadvantaged.
  • Historically black colleges and universities (HBCUs) – are institutions of higher education in the United States that were established before 1964 with the intention of serving the black community.
  • Large Business – Any business not meeting any of the government Small Business Administration (SBA) business criteria.
  • Socially disadvantaged – Subjected to racial or ethnic prejudice or culture bias based on their identity with a group.
  • Sustainable Business – A business that participates in managing its activities to ensure that it is limiting any negative impact to the Planet, People, and its Performance. Corporate Social Responsibility is another frequently utilized term that is reflective of the same meaning.
  • In the U.S., people who meet the following descriptions are considered members of an economically or socially disadvantaged group:
  • African American – A U.S. citizen whose origins are people of color (“Black”) from Africa.
  • Asian-Indian American – A U.S. citizen whose origins are in India, Pakistan, or Bangladesh.
  • Asian-Pacific American – A U.S. citizen whose origins are in Japan, China, Taiwan, Korea, Vietnam, Laos, Cambodia, the Philippines, Samoa, Guam, or the U.S. Trust Territories of the Pacific or the Northern Marinas.
  • Hispanic American – A U.S. citizen of true-born Hispanic heritage from any of the Hispanic-speaking areas of Latin America or the following regions: Mexico, Central America, South America, and the Caribbean basin only.
  • Native American – A person who is an American Indian, Eskimo, Aleut, or Native Hawaiian, and regarded as such by the community of which the person claims to be a part. Native (continental) Americans must be documented members of a North American tribe, band, or otherwise organized group of native people who are indigenous to the continental United States and proof can be provided through a Native American Blood Degree Certificate.