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Supplier Diversity

Definitions

"I firmly believe that our business and Cisco's will grow as long as we continue to embrace the idea that a diverse supplier base adds value. Cisco, for example, is selling its products and services around the world. So it's essential that they work with local suppliers who have local knowledge."

David Steward, Founder and Chairman, World Wide Technology, Inc.

Small-Business Enterprise:

An enterprise that is independently owned and operated, is not dominant in its field of operation, and has qualified as a small business under the criteria and size standards established by the U.S. government. The number of employees and revenue can vary according to its products or services.

Veteran-Owned Small Business:

A business which is at least 51 percent owned by one or more veterans or in the case of a publicly owned business, a company for whom the majority (51 percent or more) of stock is owned by one or more veterans, and the management and daily business operations are controlled by one or more veterans.

Service-Disabled Veteran-Owned Small Business:

A business which is at least 51 percent owned by one or more service-disabled veterans; or in the case of a publicly owned business, a company for whom the majority (51 percent or more) of stock is owned by one or more service-disabled veterans; or in the case of a veteran with a permanent and severe disability, the spouse or permanent caregiver of such a veteran.

HUBZone Small Business:

A business located in a federally identified underutilized business zone, which is an area located within one or more U.S. Small Business Administration-defined qualified census tracts, qualified nonmetropolitan counties, or lands within the external boundaries of an Indian reservation.

Small Disadvantaged Business:

A small business that has met the necessary criteria to be certified as a disadvantaged business by the U.S. Government and Small Business Administration and where the net worth of individual owners does not exceed US$750,000.

Women-Owned Small Business:

A small business which is 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 is owned by one or more women) and whose management and daily business operations are controlled by one or more women.

Disabled Veteran-Owned Small Business:

A business which is at least 51 percent owned and operated by a service veteran with a service-related disability, of at least 10 percent and who is a resident of California.

Minority-Owned Business:

A business which is at least 51 percent owned and operated by a U.S. citizen or citizens, and whose ancestry is African-American, Subcontinent Asian-American, Native-American, Asian Pacific-American, or Hispanic-American.

Women-Owned Business:

A business which is 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 is owned by one or more women) and whose management and daily business operations are controlled by one or more women.