Office of Small and Disadvantaged Business Utilization

Treasury's Mentor-Protégé Program: Definitions

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1. Small Business (SB) is a concern, including its affiliates, that is independently owned and operated, not dominant in the field of operation in which it is bidding on government contracts, and qualified as a small business in their primary NAICS code under the criteria and size standards in 13 CFR Part 12.
2. Small Disadvantaged Business (SDB) is a small business concern owned and controlled by socially and economically disadvantaged individuals as defined by Federal Acquisition Regulation (FAR) 19.001.
3. Women-Owned Small Business (WOSB) is a small business concern where ownership and controlling interest (at least 51%) in the company is held by a woman or women as defined by FAR 19.001.
4. HUBZone is a small business concern that appears on the List of Qualified HUBZone Small Business Concerns maintained by the SBA.
5. Veteran-Owned Small Business (VOSB) is a small business concern where ownership and controlling interest (at least 51%) in the company is held by a veteran as defined by FAR 19.001.
6. Service Disabled Veteran-Owned Small Business (SDVOSB) is a small business concern where ownership and controlling interest (at least 51%) in the company is held by a service disabled veteran as defined by FAR 19.001.
7. Mentor is a prime contractor that elects, on a particular contract, to promote and develop small business subcontractors by providing developmental assistance designed to enhance the business success of the protégé.
8. Protégé is a small business as defined in paragraphs (a) through (f) above who is the recipient of developmental assistance pursuant to a mentor-protégé arrangement on a particular contract. .
9. The Department of the Treasury has designated the Director of the Office of Small and Disadvantaged Business Utilization (OSDBU) to assist and advise small, small disadvantaged, women-owned small business, HUBZone small business, Veteran-Owned small business, and Service Disabled Veteran-Owned small business concerns on procedures for doing business with Treasury.

   Updated February 29, 2008