Oklahoma Administrative Code
Title 150 - Oklahoma Department of Commerce
Chapter 155 - Oklahoma Supplier Diversity Initiative
Section 150:155-1-3 - Eligible entities
Universal Citation: OK Admin Code 150:155-1-3
Current through Vol. 42, No. 1, September 16, 2024
To be certified by the Department as a Diverse Business Enterprise, a business will meet all of the following criteria:
(1) Have less than Five Hundred (500) total employees.
(2) Have an annual revenue equal to or less than Twenty-Five Million Dollars ($25,000,000).
(3) Be Oklahoma Owned and Operated.
(4) Be registered to do business with the Oklahoma Secretary of State, if applicable.
(5) Not be a publicly traded company.
(6) Meet one or more of the following criteria:
(A) Certified
by the United States Small Business Administration as one or more of the
following types of entities:
(i) Woman-Owned
Small Business
(ii)
Minority-Business Enterprise
(iii)
Small Disadvantaged Business
(iv)
Service-disabled Veteran-Owned Small Business
(v) HUBZone Small Business Concern
(vi) 8(a) Business Development Program
member.
(B) Fifty-one
percent (51%) or more owned and controlled by a member of one of the following
diverse groups:
(i) Native
Americans,
(ii) United States
Military Veterans,
(iii)
Women,
(iv) Racial
Minorities.
(C) An
Oklahoma Department of Transportation Disadvantaged Business
Enterprise.
Disclaimer: These regulations may not be the most recent version. Oklahoma may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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