Workrise empowers energy companies to build more equitable supply chains by partnering with underrepresented groups through our diverse vendor network. We request that every vendor on our network voluntarily identify themselves according to the diversity criteria below.
Classification must meet the Small Business Administration’s (SBA’s) small business size standards.
Small Disadvantaged Business
According to the SBA, a Small Disadvantaged Business classification must meet the following criteria set by the Code of Federal Regulations:
- The firm must be 51% or more owned and controlled by one or more disadvantaged persons
- The disadvantaged person or persons must be socially disadvantaged and economically disadvantaged
- The firm must be small, according to the SBA’s size standards.
According to the Federal Government, through Section 129 of Public Law 100-590, Small Business Administration (SBA) Reauthorization Act of 1988, a Minority-owned business is (1) at least 51% owned by one or more than one minority individuals, or, in the case of publicly owned business at least 51% of the stock is owned by one or more minority individuals; and (2) whose daily business operations are managed and directed by one or more minority owners. “Operate” means actively involved in the day to day management.
Minorities include the groups with the following ethnic origins:
- Asian Pacific
- Asian Subcontinent
- Native Alaskan
- Native American
- Native Hawaiian
According to the Federal Government, through Section 129 of Public Law 100-590, Small Business Administration (SBA) Reauthorization Act of 1988, a Woman-owned Business is a business that is (1) at least 51% owned by a woman or women, or, in case of publicly owned business at least 51% of the stock is owned by one or more women; and (2) whose daily business operations are managed and directed by one or more of the women owners. “Operate” means actively involved in the day to day management.
According to the US Department of Veterans Affairs, a Veteran-owned Business is one that the Veteran owner(s) owns 51% or more of the company. The following must also be true:
- One of the Veteran owner(s) has full control over the day-to-day management, decision-making, and strategic policy of the business, and
- One of the Veteran owner(s) has the managerial experience needed to manage the business, and
- One of the Veteran owner(s) is the highest-paid person in the company (or can provide a written statement explaining why your taking lower pay helps the business), and
- One of the Veteran owner(s) works full time for the business, and
- One of the Veteranowner(s) holds the highest officer position in the company
A Veteran is a person who:
- Served on active duty with the Army, Air Force, Navy, Marine Corps, or Coast Guard for any length of time and didn’t receive a dishonorable discharge, or
- Served as a Reservist or member of the National Guard and were called to federal active duty or disabled from a disease or injury that started or got worse in the line of duty or while in training status
According to Disability:IN, a Disability-owned Business Enterprise (DOBE) is a for-profit business that is at least 51% owned, managed, and controlled by a person with a disability regardless of whether or not that business owner employs person(s) with a disability.
According to the National LGBT Chamber of Commerce, an LGBTQ-owned business must be at least 51% owned, operated, managed, and controlled by an LGBTQ person or persons who are either U.S. citizens or lawful permanent residents.